Initial Europe October propylene contract settles down €40/tonne

27 September 2013 10:17  [Source: ICIS news]

LONDON (ICIS)--An initial European October propylene contract price has been agreed down by €40/tonne at €1,110/tonne ($1,500/tonne) to reflect weaker feedstock costs, a major consumer said on Friday.

The contract, which is settled on a free delivered (FD) northwest Europe (NWE) basis, was agreed by three major consumers with one major supplier.

Confirmation from a second major supplier is necessary before the new contract price can be considered established.

($1 = €0.74)

By: Nel Weddle
+44 20 8652 3214

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