Related Keywords: contract prices, ethylene, European olefins buyers, propylene
European olefin buyers are aiming for a plunge in contract prices of both ethylene and propylene following the direction of feedstock naphtha. As it was seen on December 20, when January ethylene and propylene contract prices were settled, naphtha was priced at $962.25/mt CIF NWE. It has since fallen, to be assessed at $917/mt CIF NWE Monday.
However, the buyers are more optimistic about fall in ethylene contract prices than propylene for February.
