31 March 2011 17:28 [Source: ICIS news]
LONDON (ICIS)--Here is Thursday’s end of day European oil and chemical market summary from ICIS.
CRUDE: May WTI: $105.95/bbl, up $1.68/bbl. May BRENT: $117.00/bbl, up $1.87/bbl
Prices eased back from the highs posted earlier when optimistic ?xml:namespace>
BENZENE: $1,230-1,235/tonne, up $5-15/tonne
The range for April narrowed this afternoon to $1,220-1,230/tonne. May was valued $5/tonne higher. April later traded at $1,230/tonne, and firmer crude levels saw the range move up.
STYRENE: $1,505-1,520/tonne, up $15/tonne on the buy side
April bids moved up to $1,505/tonne, and there was talk of a deal at $1,510/tonne although this was so far unconfirmed.
TOLUENE: $1,040-1,070/tonne, steady
The market was quiet, and the range for April was unchanged.
PARAXYLENE: $1,660-1,670/tonne, down $20/tonne
European paraxylene (PX) spot prices continued to ease on the back of weaker spot PX values in
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