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Initial November ethylene contract settles in Europe

by ChemOrbis Editorial Team -
  • 30/10/2014 (11:21)
An initial November ethylene contract has been settled in Europe, according to market sources. The new ethylene contract stands at €1060/ton ($1333/ton) FD NWE, down €90/ton ($113/ton) from October.

In Europe, spot ethylene prices are down €5/ton week over week to be quoted at €960-965/ton FD NWE. The significant decrease in the ethylene contract is attributed to softening naphtha prices in Europe.
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