Corrected: Initial Europe August propylene contract rolls over

26 July 2011 21:24  [Source: ICIS news]

Correction: In the ICIS story headlined "Initial Europe August propylene contract rolls over" dated 26 July, please read in the first paragraph …agreed at €1,130/tonne ($1,614/tonne)… instead of …agreed at €1,090/tonne ($1,557/tonne)…. A corrected story follows.

LONDON (ICIS)--An initial European propylene contract settlement for August has been agreed at €1,130/tonne ($1,614/tonne), a rollover from July, a major producer said late on Tuesday.

The settlement, which is done on a free delivered (FD) northwest European (NWE) basis, was between the producer and one of its consumers, a major integrated consumer.

Confirmation from the consumer is still pending.

($1 = €0.70)

For more on propylene visit ICIS chemical intelligence

By: Nel Weddle
+44 20 8652 3214

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