Second Europe March ethylene CP settlement at €1,325/tonne

27 February 2013 14:07  [Source: ICIS news]

LONDON (ICIS)--A second European March ethylene contract price (CP) settlement has been agreed up by €50/tonne ($65/tonne) thereby establishing the new March CP at €1,325/tonne once full and direct confirmation is received from the parties concerned, market sources said on Wednesday.

An initial settlement was agreed by a major non-integrated consumer with two of its suppliers. The second settlement was between a major integrated consumer and a third major producer. Confirmation from all but one of the settling producers is pending.

($1= €0.77)

By: Nel Weddle
+44 20 8652 3214

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