23 March 2005 23:26 [Source: ICIS news]
CRUDE: BRENT - May: $53.25; WTI - May: $54.05
Crude prices plunged Wednesday, continuing the sell-off which started the previous day. The weekly supply statistics from the API and the DoE revealed a much greater build in crude stocks than forecast but also revealed a decline in both gasoline and heating oil inventories. Crude futures on the Nymex have eased close to $3.50/bbl on two sessions.
NAPHTHA: Players kept to the sidelines Wednesday as no new deals were heard done in the
MTBE: Trading activity was confined to talk on differentials for both March and April supplies. These discussions were suspended as market participants sought to learn more details about the explosion at a large
BENZENE: Players reported that April benzene spot deals were done Wednesday morning at $3.75/gal DDP, $3.765/gal DDP and $3.77/gal FOB USG. Wednesday morning's spot prices were about 5 cents/gal lower than spot price heard toward the end of Tuesday. An April benzene spot deal was done on the screen at $3.73/gal DDP late Wednesday morning. Another April spot deal was completed on the screen at $3.87/gal FOB USG in late afternoon following news of the fire at a
TOLUENE: Toluene spot prices were talked at $2.20-2.25/gal DDP for April, according to market sources. Market activity slowed down considerably following a fire at a
XYLENES: Lower offers were heard on Wednesday morning for mixed xylenes (MX). April spot offers were seen as low as $2.16/gal DDP, with spot bids scarce. Following a fire at a
For more information on the full range of ICIS-LOR pricing reports, contact your CNI representative.
CLICK HERE www.icislor.com for more detailed analysis of price trends.
ICIS-LOR accepts no liability for commercial decisions based on the content of this report.
ICIS-LOR is a member of the Reed Business Information group.
UNAUTHORISED REPRODUCTION/TRANSMISSION PROHIBITED.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|