NewsFlashInitial Europe December C2 settles up €7/tonne

26 November 2009 17:09  [Source: ICIS news]

LONDON (ICIS news)--An initial European ethylene (C2) settlement for December has been agreed at €840/tonne ($1,272/tonne), up by €7/tonne from November, a key olefins producer said on Thursday.

The contract, which is settled on a free delivered (FD) northwest Europe (NWE) basis, was between the producer and three of its customers.

However, confirmation from the buying side was pending.

($1 = €0.66)

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By: Nel Weddle
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