12 September 2007 03:48 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s August domestic contract price for propylene was settled 4.8% higher compared with July, due to the increase in US August contract price and higher Europe third quarter contract prices, a Taiwanese producer said late on Tuesday.
The price was settled $49/tonne higher at $1,073/tonne ?xml:namespace>
Third-quarter prices in Europe rose by €28/tonne to €878/tonne FD (free delivered) NWE (northwest
Similarly in Asia, propylene prices maintained a high of $1,050-1,140/tonne CFR (cost & freight) NE (northeast)
The contract price is also known to be used in various contract settlements in southeast Asia.
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