30 November 2009 17:02 [Source: ICIS news]
LONDON (ICIS news)--Here is Monday's end of day European oil and chemical market summary from ICIS pricing.
CRUDE: January WTI: $76.14/bbl, up $0.09/bbl. January BRENT: $77.36/bbl, up $0.18/bbl.
The oil markets continued to be fairly volatile during the afternoon session, hitting new highs and lows of the day but trading either side of Friday’s settlement prices. Fears that the ?xml:namespace>
NAPHTHA: Open spec spot cargoes were assessed in a $692-702/tonne CIF (cost, insurance and freight) NWE (northwest Europe) range, up $8/tonne CIF NWE on the buy side of the range set earlier in the day. December swaps were pegged at $692-693/tonne CIF NWE. Naphtha prices improved as a result of the Asian arbitrage opportunity.
BENZENE: One December benzene deal was done at $865/tonne CIF ARA (
STYRENE: Values fell to $1,040-1,060/tonne FOB (free on board)
TOLUENE: There were no firm bids or offers seen this afternoon, and the range was unchanged at $760-790/tonne FOB
MTBE: Two trades were reported for MTBE in the afternoon, for 1,000 tonnes at $875/tonne
XYLENES: There were no firm bids or offers for paraxylene this afternoon, and the range was unchanged at $970-1,000/tonne FOB
For more pricing intelligence please visit ICIS pricing
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|