04 May 2012 12:23 [Source: ICIS news]
Following the initial agreement early on Friday morning between one seller and one buyer, another producer confirmed it had agreed to the €47/tonne increase with two consumers. This was later confirmed by the two buyers in question.
However, suppliers had previously indicated that they would be pushing for additional increases beyond raw material costs, owing to restricted availability in the first half of May.
The contract price was agreed on a free delivered (FD) northwest Europe (NWE) basis.
($1 = €0.76)
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