27 March 2013 15:18 [Source: ICIS news]
LONDON (ICIS)--The initial European propylene contract price for April has been agreed down by €50/tonne at €1,105/tonne, ($1,417/tonne), as confirmed by a main producer on Wednesday.
The initial settlement had been made with one consumer and was agreed on a free delivered (FD) northwest Europe (NWE) basis.
Other settlements were not heard at the time of writing.
The decrease in the contract price was due to the relief in feedstock costs over the last month.
There was less of a price reduction for propylene than for ethylene as the propylene market was not as soft.
($1 = € 0.78)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections