PE converters in Europe seek reductions in Nov contract prices in line with falling ethylene

European polyethylene converters are seeking a reduction in contract price for November, in line with a fall in the feedstock ethylene, as per Platts.
Falling by twenty dollars, ethylene CP fully seettled last week at €1095/mt (US$1510/mt) FD NWE, on the back on softer naphtha costs and a slow ethylene-derivative offtake.

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