30 October 2012 09:38 [Source: ICIS news]
LONDON (ICIS)--An initial European propylene contract settlement for November has been agreed at €1,120/tonne ($1,436/tonne), down by €20/tonne from October, a major non-integrated buyer said on Tuesday.
The contract was agreed by the buyer and one of its suppliers. Confirmation from the selling side is pending.
The contract was agreed on a free delivered (FD) northwest Europe (NWE) basis.
($1 = €0.78)
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