Ethylene Europe Transcript
The ICIS European ethylene report is a benchmark report which means that the prices that we publish are referenced widely in industry contracts.
We cover the contract market on a monthly basis and we quote prices on a free delivered (FD) northwest European (NWE) basis.
This is an industry agreed price, which means that key producers and key consumes exchange price ideas and negotiate to find a settlement in the last week of every month.
We also cover the spot market, on the pipeline sector on a FD basis and also for the deep-sea cost, insurance & freight (CIF) coastal sector.
Our prices are accurate, and timely because we ensure that we speak to as many people as possible in the industry from a broad spectrum of producers, consumers, and traders.