26 April 2013 10:59 [Source: ICIS news]
LONDON (ICIS)--A second European ethylene contract price for May has been agreed down by €100/tonne ($130/tonne) at €1,165/tonne, a major consumer said on Friday.
The contract, which is settled on a free delivered (FD) northwest European (NWE) basis, was between the major consumer and a key producer. Confirmation from the key producer is pending.
Once fully confirmed, the May ethylene contract price benchmark will be considered established.
($1 = €0.77)
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