19 December 2007 16:39 [Source: ICIS news]
LONDON (ICIS news)--A first European propylene first-quarter contract has been agreed up €57/tonne ($83/tonne) at €945/tonne, based on recent record upstream energy costs, said a major producer and consumer on Wednesday.
The new price is a record high in
The settlement, agreed on a FD (free delivered) NWE (northwest
The fourth quarter contract was agreed at €888/tonne FD NWE, an increase of €10/tonne on the previous quarter.
Key European producers and consumers include Shell, Polimeri, INEOS Olefins, BPRP, BASF, Total, Basell, INEOS polyolefins and Borealis.
($1 = €0.69)
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