31 August 2012 10:41 [Source: ICIS news]
LONDON (ICIS)--An initial European ethylene contract price for September has been agreed at €1,300/tonne ($1,625/tonne), up by €125/tonne from August, a major producer said on Friday.
The agreement, on a free delivered (FD) northwest Europe (NWE) basis, was made with a pure consumer. A second seller also agreed the number with the same buyer.
($1 = €0.80)
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