Second Europe January propylene contract settles up by €20/tonne

20 December 2013 15:19  [Source: ICIS news]

LONDON (ICIS)--A second European propylene contract price for January has been agreed at €1,130/tonne ($1,547/tonne), up by €20/tonne from December, a major non-integrated consumer said on Friday.

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

The confirmation of the two plus two configuration marks the €1,130/tonne FD NWE as the established benchmark contract price for January.

($1 = €0.73)

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By: Nel Weddle
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