NewsFlashInitial Q4 Europe C3 settles down €62/t

24 September 2008 17:49  [Source: ICIS news]

LONDON (ICIS news)--Initial European fourth-quarter propylene (C3) has settled down €62 ($91) at €953/tonne on the back of lower feedstock prices, a major integrated buyer said on Wednesday.

 

The contract was settled on a FD (free delivered) NWE (northwest Europe) basis between the buyer and a Mediterranean producer.

 

The settlement was in line with expectations and it was still unclear whether the rest of the market would follow. Confirmation was still pending from the producer.

 

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By: Nel Weddle
+44 20 8652 3214

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