NOON SNAPSHOT - Europe Markets Summary
25 November 2009 12:07 [Source: ICIS news]
LONDON (ICIS news)--Here is Wednesday’s midday European oil and chemical market summary from ICIS pricing.
CRUDE: January WTI: $76.15/bbl, up $0.13/bbl. January BRENT: $76.95/bbl, up $0.49/bbl
A weaker US dollar helped the markets recoup some of the ground lost on Tuesday. However, traders were waiting on the weekly
NAPHTHA: Open spec spot cargoes were assessed in a $674-684/tonne CIF (cost, insurance and freight) NWE (northwest Europe) range, up $2/tonne CIF NWE on the buy side of the range set at the end of trading on Tuesday. December swaps were pegged at $674-675/tonne CIF NWE.
BENZENE: December benzene was valued at $840-855/tonne CIF ARA, down $30-35/tonne on the back of rumoured deals. Industry was heard selling December benzene at $850-860/tonne. January benzene traded several times at $870/tonne.
STYRENE: The market was quiet, with many participants attending the ICIS 8th European Aromatics & Derivatives Conference held in
TOLUENE: The European toluene market was quiet and no deals were recorded. Offers dipped $5/tonne to $795/tonne FOB
MTBE: Offers were sparse again this morning, amid bids for December at 1.28. Gasoline traded at $683/tonne
XYLENES: PX was unchanged in a quiet market at $960-990/tonne FOB
For more pricing intelligence please visit ICIS pricing
By: Staff Reporter
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