25 May 2012 12:00 [Source: ICIS news]
LONDON (ICIS)--Here is Friday’s midday European oil and chemical market summary from ICIS.
CRUDE: July WTI: $91.07/bbl, up 41 cents/bbl. July BRENT: $106.93/bbl, up 38 cents/bbl
Crude oil futures gained, supported by the lack of an outcome from talks between the UN Security Council’s atomic energy watchdog and ?xml:namespace>
NAPHTHA: $826-834/tonne, up $5/tonne
The cargo range climbed, driven by higher crude oil prices. June swaps were assessed at $837-838/tonne.
BENZENE: $1,300-1,320/tonne, up $20/tonne
Values for any June delivery opened higher as tight sentiment prevailed, with talk of several production problems keeping players bullish. The first half of the month was higher at $1,370-1,400/tonne, while July is heavily backwardated at $1,180-1,200/tonne.
STYRENE: $1,470-1,490/tonne, up $50-55/tonne
June was valued higher as benzene continued to gain ground amid talk of production problems in
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