UpdateEurope March propylene contract rolls over at €1,130/tonne

25 February 2014 16:45  [Source: ICIS news]

LONDON (ICIS)--The European propylene contract price for March is fully agreed at €1,130/tonne, a rollover from February, following direct confirmation from a second consumer, sources said on Tuesday.

Three major producers and two major consumers, one non-integrated, the other integrated, have confirmed the rollover settlement.

A rollover was reflective of a combination of factors, but primarily relatively stable feedstock and a steady, albeit still somewhat tight situation on supply, according to the initial major producer.

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By: Nel Weddle
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