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(ICIS) -- Initial European May ethylene
and propylene contract price settlements have been agreed at EUR 1.230/tonne
(USD 1.809/tonne) and EUR 1.245/tonne respectively, a major consumer said on
Wednesday.
The ethylene settlement marked a EUR 25/tonne increase while propylene
gained EUR 35/tonne. The increases were driven by firm feedstock naphtha
developments; supply and demand fundamentals were largely considered flat from
last month.
mrcplast.com
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