03 November 2011 09:56 [Source: ICIS news]
LONDON (ICIS)--The European propylene contract price for November has been fully agreed at €1,013/tonne ($1,388/tonne) FD (free delivered) NWE (northwest Europe), down by €55/tonne, following some delay, a second net seller confirmed on Thursday.
“It is not what I expected at the beginning [of discussions], but it is acceptable. It is now time to have a deal,” said the second selling settler.
The net consumer involved in the first settlement has also followed with a second net producer. The initial settlement had previously been between two net consumers and the same net manufacturer.
($1 = €0.73)
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