NewsFlashEurope Feb ethylene rolls over at €1,275/tonne

28 January 2013 19:02  [Source: ICIS news]

LONDON (ICIS)--A first and second European ethylene contract price settlement for February has been agreed at a rollover of €1,275/tonne ($1,723/tonne), a major producer said on Monday.

The initial settlement was between the major producer and two of its customers – one a major integrated consumer and the other a non-integrated consumer.

This was then followed by a second major producer and the major integrated consumer and two other non-integrated consumers.

Confirmation from all the above consumers is pending.

A rollover was widely anticipated and when fully confirmed will mark the fourth consecutive month at €1,275/tonne FD (free delivered) NWE (northwest Europe).

($1 = €0.74)

By: Nel Weddle
+44 20 8652 3214

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