NOON SNAPSHOT - Europe Markets Summary
09 December 2008 12:00 [Source: ICIS news]
LONDON (ICIS news)--Here is Tuesday’s midday European oil and chemical market summary from ICIS pricing.
CRUDE: January WTI: $43.45/bbl, down $0.26/bbl. January BRENT: $43.05/bbl, down $0.37/bbl
Having initially added to the previous day’s gains, prices eased off as the morning progressed.
NAPHTHA: Open spec spot cargoes were assessed in a $272-282/tonne CIF (cost, insurance and freight) NWE (northwest Europe) range, up $5/tonne on the buy-side of the range set at the end of trading on Monday. January swaps were pegged at $273-275/tonne CIF NWE.
BENZENE: The European spot benzene market continued to register few bids or offers, with players pegging values stable from the previous close. December was valued at $200-220/tonne CIF ARA (
STYRENE: A lack of firm bids or offers in the spot styrene market and steady upstream values yielded an assessment unchanged from the previous close, with December seen at $520-540/tonne FOB (free on board) Rotterdam and January at $540-560/tonne FOB Rotterdam.
TOLUENE: Bid/offer levels for December loading toluene in Europe were talked steady, at $380-420/tonne FOB
MTBE: In a very quiet morning, there were no bids or offers heard for MTBE. Market participants stated that the factor against gasoline barges FOB (free on board) AR (
XYLENES: The European PX market was quiet and levels were kept stable at $500-540/tonne FOB
For more pricing intelligence please visit ICIS pricing
By: Staff Reporter
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