23 November 2010 17:23 [Source: ICIS news]
LONDON (ICIS)--Here is Tuesday’s end-of-day European oil and chemical market summary from ICIS.
CRUDE: January WTI: $80.95/bbl, down $0.79/bbl. January BRENT: $82.90/bbl, down $1.06/bbl
The crude markets remained weak as global stock markets were under pressure from a firm US dollar.
NAPHTHA: $748-758/tonne, down $3/tonne
The cargo range dropped from earlier in the day as crude oil extended the losses while the crack spread remained unchanged. December swaps were assessed at $747-749/tonne.
BENZENE: $960-970/tonne, steady
November was quiet this afternoon, and the range was unchanged. December traded at $945/tonne, with the range valued at $940-950/tonne. There was also an unconfirmed deal at $935/tonne.
STYRENE: $1,170-1,190/tonne, steady
November remained quiet this afternoon, and the range was unchanged. December was valued lower at $1,160-1,180/tonne FOB ?xml:namespace>
TOLUENE: $940-960/tonne, steady
The market was quiet, with no firm bids or offers for November as activity remained muted because of supply restrictions. The range was unchanged.
MTBE: $827-829/tonne, up by $1/tonne on the high side
Although MTBE flat prices were little changed, gasoline prices saw decreases of $8-21/tonne, which pushed the MTBE factor against gasoline higher. Gasoline traded at $735-739/tonne, putting the factor against cash barges at 1.12-1.13, up from 1.09-1.11.
PARAXYLENE: $1,260-1,300/tonne, down $10/tonne
The value of European spot PX moved down by $10/tonne, continuing to follow the direction of spot price movements in
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