20 December 2013 14:46 [Source: ICIS news]
LONDON (ICIS)--An initial European ethylene contract price for January has been agreed at €1,240/tonne ($1,699), up by €15/tonne from December, a key consumer said on Friday.
An increase was widely expected to reflect a firmer upstream market. The increase of €15/tonne would maintain the 'status quo' until there is more visibility with regard to upstream and downstream fundamentals for January.
The contract, agreed on a free delivered (FD) northwest Europe (NWE) basis, was between the non-integrated consumer and a major producer.
($1 = €0.73)
Follow Nel on Twitter
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections