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)
For more on propylene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections