Initial Europe November propylene contract settles at €1,080/tonne

29 October 2013 09:36  [Source: ICIS news]

LONDON (ICIS)--An initial European propylene contract price for November has been agreed at €1,080/tonne ($1,500/tonne), down by €30/tonne from October, a major producer said on Tuesday.

The contract which is agreed on a free delivered (FD) northwest Europe (NWE) basis was between the major producer and a non-integrated consumer.

Confirmation from the consumer is pending.

The European propylene contract price for October was fully confirmed at €1,110/tonne.

($1 = €0.72)

By: Nel Weddle
+44 20 8652 3214

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