Initial Europe June propylene up €15/tonne, ethylene rises €5/tonne

29 May 2013 17:38  [Source: ICIS news]

LONDON (ICIS)--An initial European propylene contract for June has been agreed up by €15/tonne at €1,040/tonne ($1,333/tonne), a major producer said on Wednesday.

The initial settlement was reached with a pure consumer on a free delivered (FD) northwest Europe (NWE) basis

The small increase reflects the recent gains on naphtha and the fact that demand is forecast to be reasonable in June.

Earlier on Wednesday, two major producers confirmed an initial ethylene settlement, up by €5/tonne at €1,170/tonne. Confirmation is pending from a second major consumer.

Nel Weddle contributed to this article

By: Heidi Finch
+44 20 8652 3214

AddThis Social Bookmark Button

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.

Printer Friendly

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