NewsFlash1st Europe Q2 C2 up €15, C3 down €18

20 March 2008 10:28  [Source: ICIS news]

LONDON (ICIS news)--The first second-quarter European ethylene (C2) and propylene (C3) contracts were agreed up €15/tonne ($23/tonne) and down €18/tonne respectively, a German based producer and consumer reported on Thursday.

The contracts, at €1,038/tonne for C2 and €927/tonne for C3, were done on a FD (free delivered) NWE (northwest Europe) basis and were fully confirmed.

An increase was widely expected for ethylene but while a decrease was expected for propylene, buyers were generally hoping for a larger reduction on the first-quarter contract.

($1 = €0.64)

For more on C2 and C3 visit ICIS chemical intelligence

By: Nel Weddle
+44 20 8652 3214

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