Second seller follows Europe Q3 C2 at €1,228/t

08 July 2008 13:41  [Source: ICIS news]

LONDON (ICIS news)--Two more industry players have followed last week’s initial European third-quarter contract ethylene settlement at €1,228/tonne ($1,919/tonne), a Germany-based producer said on Tuesday.

The producer agreed with a key German consumer and an integrated producer. Confirmation from the latter was still pending of the deal, done on an FD (free delivered) NWE (northwest Europe) basis.

The contract, which marked a €190/tonne increase over the second quarter, was first agreed between a Netherlands producer and a key German consumer on 2 July.

Third-quarter propylene (C3) contract discussions were still ongoing but there was hope for a settlement sooner rather than later now that there was more support for ethylene at €1,228/tonne.

($1 = €0.64)

For more on C2 and C3 visit ICIS chemical intelligence
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By: Nel Weddle
+44 20 8652 3214

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