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Markets :: Basic Chemicals :: Petrochemicals :: Propylene

Ineos Endorses Monthly Contracts

9:50 AM MDT | July 21, 2008 | Chemical Week Editorial Staff

Ineos has released a statement that “the time is right” to move from quarterly to monthly contract pricing for ethylene and propylene in Europe. High and volatile oil prices are overshadowing supply and demand, causing “huge corrections” in ethylene and propylene prices that disrupt Ineos’s derivatives business, the company says. Buyers are discussing the proposed change with propylene and ethylene suppliers, and Ineos is aiming to establish monthly pricing, effective October 1. Discussions for third-quarter olefin contracts have...

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