13 December 2007 09:43 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s November domestic contract price for propylene was tentatively settled 4.1% higher compared with October due to increases in the US and Europe contract prices, said Taiwanese producers on Thursday.
The price was tentatively fixed at $1,136/tonne ?xml:namespace>
High feedstock costs on the back of record high crude values in November prompted price hikes in both US and
US November contract prices for polymer grade propylene rose 7.25 cents/lb to 61.50 cents/lb DEL from October, while fourth-quarter prices in Europe rose €10/tonne to €888/tonne FD (free delivered) NWE (northwest Europe), according to global chemical market intelligence service ICIS pricing.
The contract price is also known to be used in various contract settlements in southeast Asia.
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