28 December 2012 11:05 [Source: ICIS news]
LONDON (ICIS)--An initial European January propylene contract settlement has been agreed at €1,090/tonne ($1,453/tonne), down by €13/tonne from December reflecting the length in the propylene market, a major non-integrated buyer said on Thursday.
The contract, on a free delivered (FD) northwest Europe (NWE) basis, has been confirmed by a major supplier. A second non-integrated consumer has also confirmed settlement at €1,090/tonne.
A second supplier is required to agree before the January contract price can be established as the European reference price.
($1 = €0.75)
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