Second Europe propylene June CP confirmed at €1,040/tonne

30 May 2013 10:05  [Source: ICIS news]

LONDON (ICIS)--A second European propylene contract price (CP) settlement for June has been confirmed at €1,040/tonne ($1,351/tonne), up by €15/tonne, to reflect firmer naphtha feedstock, a major integrated consumer said on Thursday.

The settlement was between the major integrated consumer and a major producer and followed the initial settlement done late on Wednesday by another major producer and a non-integrated consumer.

A second non-integrated consumer is also said to have agreed and two other contract participants have indicated that they will follow.

The contract price is agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.77)

Follow Nel Weddle on Twitter

By: Nel Weddle
+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