EVENING SNAPSHOT - Europe Markets Summary
06 November 2009 17:16 [Source: ICIS news]
LONDON (ICIS news)--Here is Friday's end-of-day European oil and chemical market summary from ICIS pricing.
CRUDE: December WTI: $77.57/bbl, down $2.05/bbl. December BRENT: $76.02/bbl, down $1.97/bbl
Prices dropped more than $2/bbl after negative unemployment data from the
NAPHTHA: Open-spec spot cargoes were assessed in a $641-651/tonne CIF (cost, insurance and freight) NWE (northwest Europe) range, down $19/tonne CIF NWE from the buy side of the range set earlier in the day. November swaps were pegged at $641-642/tonne CIF NWE.
BENZENE: Two November benzene deals were done at $820/tonne CIF ARA (
STYRENE: The styrene market was subdued throughout the day. November closed at $1,000-1,020/tonne FOB (free on board)
TOLUENE: A trade for November was discussed this afternoon at $760/tonne FOB
MTBE: There were no trades in the open market this afternoon. A trader said it bought 1,800 tonnes of MTBE from a refiner at a factor against gasoline of 1.38 for prompt shipment. Gasoline traded at $680-705/tonne
XYLENES: There was no firm buy/sell activity heard for paraxylene this afternoon. The range was unchanged at $860-880/tonne FOB
For more pricing intelligence please visit ICIS pricing
By: Staff Reporter
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