11 December 2008 12:00 [Source: ICIS news]
CRUDE: January WTI: $45.52/bbl, up $2.00/bbl. January BRENT: $44.70/bbl, up $2.30/bbl
Oil futures extended gains from the previous day. NYMEX and Brent moved up steadily during the morning session to post an increase of more than $2/bbl from Wednesday. Driving factors were reports on
NAPHTHA: Open spec spot cargoes were assessed in a $284-294/tonne CIF (cost, insurance and freight) NWE (northwest Europe) range, up $24/tonne on the buy side of the range set at the end of trading on Wednesday. January swaps were pegged at $284-287/tonne CIF NWE.
BENZENE: No new deals were heard on benzene on Thursday morning. In a thin market December was talked at $230-240/tonne CIF ARA (
STYRENE: An inter trade deal was reported from yesterday at $540/tonne FOB (free on board)
TOLUENE: European toluene levels were talked within a $410-430/tonne FOB
MTBE: There was one trade heard on MTBE in the morning, at a factor of 1.49 against gasoline barges FOB (free on board) AR (Amsterdam Rotterdam). Gasoline traded over the morning between $327-345/tonne
XYLENES: The paraxylene (PX) market remained notionally stable at $520-540/tonne FOB
($1 = €0.77)
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