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November and December PTA in Europe could drop by EUR107/tonne

December 26/2011

(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 EUR935957/tonne FD (free delivered) NWE (northwest Europe), tracing the EUR70/tonne drop in PX values.

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.

Artlant PTAs 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.

Tags:paraksilol, terephthalic acid.
Category:General News
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