27 June 2013 09:48 [Source: ICIS news]
LONDON (ICIS)--An initial European July ethylene contract price has been agreed at a rollover €1,170/tonne ($1,519/tonne), a major consumer said on Thursday.
The contract, which is agreed on a free delivered (FD) northwest Europe (NWE) basis, was between the major consumer and a major supplier and is fully confirmed. Confirmation from a second major consumer is pending.
($1 = €0.77)
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