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October ethylene, propylene contracts settle in Europe

by ChemOrbis Editorial Team -
  • 27/09/2015 (17:27)
According to market sources, October ethylene and propylene contracts settled in Europe. The new ethylene settlement stands at €905/ton ($1008/ton with recent parity) FD NWE and indicates a €40/ton ($45/ton) drop from September.

The new propylene contract was settled with a larger decrease of €110/ton ($123/ton) month over month at €710/ton ($795/ton) with the same terms for October.

European players already forecast a larger drop on propylene contracts when compared to ethylene settlements citing plunging spot ethylene costs in the region during September.
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