16 July 2010 17:21 [Source: ICIS news]
LONDON (ICIS news)--Here is Friday’s end of day European oil and chemical market summary from ICIS pricing.
CRUDE: August WTI: $75.75/bbl, down $0.87/bbl. September BRENT: $75.05/bbl, down $1.04/bbl
Once again, prices fell sharply in tandem with global stock markets, which were suffering from concerns about the pace of the global economic recovery.
NAPHTHA: $610-618/tonne, down $5/tonne
Spot prices fell due to an oversupply situation in ?xml:namespace>
BENZENE: $830-840/tonne, up $5-12/tonne
July was valued slightly firmer this afternoon, while August was backwardated at $815-830/tonne. September was pegged flat with August. July deals were talked at $830-835/tonne, but further confirmation was pending.
STYRENE: $1,060-$1,080/tonne, steady
The market was quiet this afternoon, and the range for July was steady. August was notionally valued at $1,030-1,050/tonne.
TOLUENE: $720-760/tonne, down $20/tonne
The range for July was valued at $720-760/tonne this afternoon, down from previous indications as imported cargo put downward pressure on price ideas.
MTBE: $751-763/tonne, up $15-17/tonne
Four trades were seen in the afternoon window. Gasoline traded at $689-697/tonne, putting the factor against gasoline at 1.09-1.095.
XYLENES: $715-770/tonne $5-40/tonne
Mixed xylene was bid at $715/tonne FOB
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