The European ethylene contract price for April, which has been fully confirmed down €60/ton (US$77/ton) at €1,265/ton on a free delivered (FD) northwest Europe (NWE) basis, received broad market acceptance on Wednesday, as per ICIS.
Market players expected a reduction in the April ethylene contract price because of the downtrend in naphtha feedstock values over the last month and on softening in downstream demand, in particular for the main derivative polyethylene. Price ideas had largely centred between minus €50-60/ton for the April ethylene contract price and therefore the settlement was within expectations. While there was support from a number of players for the €60/ton reduction, there were a few exceptions.
29-Mar-13 
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