15 June 2011 17:16 [Source: ICIS news]
LONDON (ICIS)--Here is Wednesday’s end of day European oil and chemical market summary from ICIS.
CRUDE: July WTI: $99.46/bbl, up $0.09/bbl. July BRENT: $118.77/bbl, down $1.39/bbl
ICE Brent futures continued to decline from the morning, pressured by continued concerns over ?xml:namespace>
NAPHTHA: $957-965/tonne, up $7/tonne
The cargo range climbed from earlier in the day. One trade took place this afternoon. July swaps were assessed at $960–962/tonne.
BENZENE: $1,115-1,130/tonne, down $25-30/tonne
Weaker energy figures pushed bids and offers down, with trade limited as several players were travelling to the European Petrochemical Luncheon.
STYRENE: $1,360-1,390/tonne, down $20-30
Bids and offers were largely notional in an inactive market. Numbers were pushed down on softening upstream values.
TOLUENE: $1,080-1,130/tonne, steady
There were no bids or offers in a very quiet market.
MTBE: $1,168-1,181/tonne, down $14/tonne
There were no trades for the fourth session running. Only offers were made at $1,181/tonne FOB, and the buy-side was notionally dropped by the same amount. EuroBob gasoline traded at $1,026-1,035/tonne.
PARAXYLENE: $1,450-1,480/tonne, steady
Spot prices were unchanged and the market was void of any buying or selling price ideas for June.
For more pricing intelligence, please visit ICIS pricing
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