The original contract price of ethylene in Europe for the supply in July was agreed at the level of EUR945 per tonne, which is above the level of EUR10 June ICIS reports with reference to information from a major manufacturer.
According to the manufacturer, this is an initial agreement was reached between him and one of his clients. Confirmation of the transaction from the buyer is received.
ethylene price is agreed on the conditions of FD, NWE (northwest Europe).
As it was informed earlier, the June contract ethylene prices have been agreed at the level of EUR935 per ton, up EUR25 higher than the price of May.
The contract price is considered to be completely harmonized after confirmation from at least two producers and from two users.