24 November 2010 17:18 [Source: ICIS news]
LONDON (ICIS)--Here is Wednesday’s end-of-day European oil and chemical market summary from ICIS.
CRUDE: January WTI: $83.00/bbl, up $1.75/bbl. January BRENT: $85.10/bbl, up $1.85/bbl
Prices rose sharply after the weekly ?xml:namespace>
BENZENE: $940-960/tonne, steady
The market was quiet this afternoon, and the range for November was unchanged. December was valued flat with November.
STYRENE: $1,190-1,200/tonne, up $20-30/tonne
There were several unconfirmed deals this afternoon for December at $1,190-1,200/tonne, and the range was adjusted to reflect this. November was quiet, and valued flat with December.
TOLUENE: $940-960/tonne, steady
The market was quiet, with no firm bids or offers heard for November, as activity remained muted because of supply restrictions. The range was unchanged.
MTBE: $855-864/tonne, up by $28-35/tonne
Prices rose sharply in line with similar gains made in the gasoline market. Gasoline traded at $752-772/tonne, putting the MTBE factor against cash barges at 1.12-1.14, up one point on the high side.
XYLENES: $1,260-1,300/tonne, steady
The paraxylene market was quiet today as supply remained restricted. The range was unchanged.
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