The contract price for ethylene in Europe has fallen following expected declines in the price of feedstock naphtha. In a statement on Wednesday, the European Commission said it was "disappointed" by the decision. S&P Global Platts said the spot price of ethylene represented a slight discount, but few deals were reported before the settlement was announced.
The contract price for ethylene in Europe has fallen following expected declines in the price of feedstock naphtha. The March price of EUR1,057 ($1,292) per metric tonne was settled down $23.34 from the February figure, initially by LyondellBasell and Clariant but followed by BASF and another buyer. S&P Global Platts said the spot price of ethylene represented a slight discount, but few deals were reported before the settlement was announced.