November and December PTA in Europe could drop by EUR107/tonne |
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(ICIS) --
November and December purified terephthalic acid (PTA) prices could drop by
EUR107/tonne (USD139/tonne), following upstream paraxylene (PX) decreases,
sources said on Friday.
The November price has been brought down by
EUR50/tonne to EUR935–957/tonne FD (free delivered) NWE (northwest Europe),
tracing the EUR70/tonne drop in PX values.
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December PTA is likely to see a reduction of EUR47/tonne, pending
confirmation of traditional calculations being used.
“Around
EUR900/tonne is about right [for December],” one downstream polyethylene
terephthalate (PET) producer said.
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Artlant PTA’s 700,000 tonne/year PTA plant in Sines, Portugal,
will have saleable product between the end of January and early February 2012, a
company source confirmed. The plant is in production mode, and feedstock is on
site.
mrcplast.com
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