Initial Europe July propylene rolls over at €1,040/tonne

26 June 2013 15:33  [Source: ICIS news]

LONDON (ICIS)--An initial European July propylene contract price settlement has been agreed at a rollover €1,040/tonne ($1,368/tonne) because of largely stable feedstock and supply and demand fundamentals, a major consumer said on Wednesday.

The contract, which is settled on a free delivered (FD) northwest Europe (NWE) basis, was between the consumer and one of its suppliers, a major propylene producer.

A second major consumer has also confirmed settlement with this producer. However, direct confirmation from the producer is still pending.

($1 = €0.76)

By: Nel Weddle
+44 20 8652 3214

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