NewsFlashTwo Euro C3 contract settlements for March up €35/tonne

23 February 2010 20:44  [Source: ICIS news]

LONDON (ICIS news)--Two European propylene (C3) contracts have settled for March at €910/tonne ($1,246/tonne) up by €35/tonne from February, a producer said on Tuesday.

The first contract, done on a FD (free delivered) NWE (northwest Europe) basis, was first agreed by the producer and a major net consumer. Shortly afterwards a second, major olefins producer said that it had also agreed at €910/tonne with the same net consumer.

Confirmation from the consumer was pending.

$1 = €0.73

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By: Nel Weddle
+44 20 8652 3214

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