Europe August ethylene, propylene settle down at €940/t parity

27 July 2010 11:35  [Source: ICIS news]

LONDON (ICIS news)--An initial European August ethylene (C2) contract has been agreed down €18 ($23) at €940/tonne, while propylene (C3) simultaneously settled €38 lower at €940/tonne, a major olefins producer said on Tuesday.

The contracts, settled on a free delivered (FD) northwest Europe (NWE) basis, put ethylene and propylene at parity.

The agreements, which were fully confirmed, were between the producer and one of its customers, a major non-integrated consumer.

($1 = €0.77)

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By: Nel Weddle
+44 20 8652 3214

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