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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