NewsFlashInitial Europe June ethylene contract settles up €5/tonne

29 May 2013 16:50  [Source: ICIS news]

LONDON (ICIS)--An initial European ethylene contract price for June has been agreed at €1,170/tonne ($1,500/tonne), up by €5/tonne, a major consumer said on Wednesday.

The contract, which is settled on a free delivered (FD) northwest European (NWE) basis, was between the major consumer and a major producer.

Confirmation from the selling side is pending.

($1 = €0.78)

By: Nel Weddle
+44 20 8652 3214

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