April ethylene and propylene contracts fully settle in Europe

According to market sources, April ethylene and propylene contracts settled in Europe.

Accordingly, the new ethylene contracts for April were fully agreed with a rollover from March at €1050/ton ($1135/ton) FD NWE. Spot ethylene prices were recently reported at around €1110/ton ($1200/ton) with the same terms, up €10/ton ($11/ton) compared to the beginning of March.

April propylene contracts were fully settled at €880/ton ($951/ton) FD NWE, up €15/ton ($16/ton) compared to the March settlement. Spot propylene prices were reported at €955/ton ($1033/ton), indicating increases of €30/ton ($32/ton) compared to the beginning of March.