Europe August EO contract prices fall with upstream ethylene

Caroline Murray

27-Jul-2016

LONDON (ICIS)–Europe ethylene oxide (EO) August formula contracts decreased on Wednesday by €16/tonne from July, following a confirmed upstream ethylene contract settlement, according to ICIS calculations.

The EO industry typically takes 80-85% of the ethylene price movement. ICIS uses an average of 82% in its calculations.

This takes prices to €1,104-1,271/tonne FD (free delivered) NWE (northwest Europe) and €1,159-1,316/tonne FD Mediterranean.

The graph below shows the correlation between the two products, EO and ethylene, up to July.

The European ethylene contract price for August was fully settled at €925/tonne, down by €20/tonne from July.

The EO market is balanced to tight, following a tumultuous period of curtailed supply, but the shutdown season is ongoing.

Follow Caroline Murray on Twitter

READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?