Initial Europe December propylene settles up by €22/tonne

26 November 2010 13:05  [Source: ICIS news]

LONDON (ICIS)--An initial European December propylene (C3) settlement has been agreed up by €22/tonne ($29/tonne) at €960/tonne, a major producer said on Friday.

An increase had been widely expected because of upstream cost pressures which had squeezed cracker margins.

The settlement, done on a free delivered (FD) northwest Europe (NWE) basis, had still to be confirmed by the buyer, a major net consumer.

($1 = €0.75)

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By: Nel Weddle
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