26 January 2011 17:29 [Source: ICIS news]
LONDON (ICIS)--Two initial European ethylene (C2) contract settlements for February have been agreed up by €25/tonne ($34/tonne) at €1,135/tonne, a major producer said on Wednesday.
The contracts, on a free delivered (FD) northwest Europe (NWE) basis, were between the producer and two of its customers. Confirmation from the customers, both polyvinyl chloride (PVC) producers, was still pending.
($1 = €0.73)
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