NewsFlashInital May Europe propylene down €80/tonne

26 April 2013 11:23  [Source: ICIS news]

LONDON (ICIS)--An initial European propylene contract price for May has been agreed down by €80/tonne ($104/tonne) at €1,025/tonne, a major consumer said on Friday.

A decrease was widely expected given the softer upstream conditions through April, and weak derivative demand. The fully confirmed contract, which is settled on a free delivered (FD) northwest European (NWE) basis, was between the major consumer and a major producer. A third producer has also agreed but this is not yet confirmed.

($1 = €0.77)

By: Nel Weddle
+44 20 8652 3214

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