28 September 2012 10:06 [Source: ICIS news]
LONDON (ICIS)--An initial European propylene contract price for October has been agreed at €1,140/tonne ($1,481/tonne), down by €20/tonne from September, reflecting a slightly lower upstream market and soft supply and demand fundamentals, a major producer said on Friday.
The contract, which is agreed on a free delivered (FD) northwest Europe (NWE) basis, was between the major producer and two of its customers - both major integrated consumers.
Confirmation from one of the consumers is still pending.
($1 = €0.77)
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