Initial Europe January ethylene rolls over

28 December 2012 11:44  [Source: ICIS news]

LONDON (ICIS)--An initial European January ethylene contract settlement has been agreed at a rollover €1,275/tonne ($1,700/tonne) amid relatively stable upstream fundamentals and a better than expected outlook for demand, a key producer said on Thursday.

The contract, on a free delivered (FD) northwest Europe (NWE) basis, was fully confirmed by the producer and one of its customers - an integrated consumer. Two other key producers and a second integrated consumer have also agreed the settlement.

($1 = €0.75)

By: Nel Weddle
+44 20 8652 3214

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