Initial Europe January ethylene contract settles up by €15/tonne

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)

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By: Nel Weddle
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