Europe Aug ethylene contract agreed at €1,210/tonne, up €40/tonne

31 July 2013 11:07  [Source: ICIS news]

LONDON (ICIS)--A second European August ethylene contract price settlement has been agreed at €1,210/tonne ($1,613/tonne), a major producer and consumer said on Wednesday.

The €40/tonne increase was driven primarily by firmer upstream naphtha costs over July compared with the previous month.

The settlement at €1,210/tonne has now been confirmed by two major consumers and producers and is now considered fully established as the benchmark reference price.

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

($1 = €0.75)

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