16 July 2010 12:00 [Source: ICIS news]
LONDON (ICIS news)--Here is Friday’s midday European oil and chemical market summary from ICIS.
CRUDE: August WTI: $76.70/bbl, up $0.08/bbl. September BRENT: $76.10/bbl, up $0.01/bbl
Crude oil futures showed little movement during the morning session, with some support coming from the gains in the stock markets.
NAPHTHA: $615-625/tonne, up $5/tonne
Naphtha spot prices were assessed higher as crude oil futures remained supported. However, downward pressure on the back of an oversupply situation persisted. The market remained in contango with August swaps pegged at $630-631/tonne.
BENZENE: $818-835/tonne, up $13-20/tonne
The range for July was pegged at $818-835/tonne this morning. August was backwardated at $805-815/tonne.
STYRENE: $1,060-$1,080/tonne, down $5/tonne
July was valued at $1,060-$1,080/tonne FOB ?xml:namespace>
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|
Asian Chemical Connections