30 October 2012 09:54 [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, reflecting soft market conditions, one buyer and one seller said on Tuesday.
Confirmation was received from both parties, but there are no reports of other companies following the settlement at the time of writing.
The contract was agreed on a free delivered (FD) northwest Europe (NWE) basis.
($1 = €0.78)
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