Europe Jan PTA contracts change after Jan PX is revised up

06 March 2014 10:30 Source:ICIS News

LONDON (ICIS)--The European January purified terephthalic acid (PTA) contract prices were changed this week following a revision of the upstream paraxylene (PX) price.

An industry decision to revise the January PX contract price to reflect further confirmation of the initial monthly agreement at €1,067/tonne FD (free delivered) NWE (northwest Europe) resulted in the low end of PTA prices moving up more than originally assessed by ICIS.

January PTA is now valued at €844-874/tonne, up by €8/tonne at both ends compared with December.

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By Caroline Murray