NOON SNAPSHOT – Europe Markets Summary

18 October 2012 12:00  [Source: ICIS news]

LONDON (ICIS)--Here is Thursday’s midday European oil and chemical market summary from ICIS.

CRUDE: November WTI: $92.05/bbl, down 7 cents/bbl. December BRENT: $113.25/bbl, up 3 cents/bbl
Crude prices were little changed as concerns over the ongoing eurozone debt crisis were countered by supportive economic data from China.

NAPHTHA: $980-982/tonne, steady
The cargo range held steady from Wednesday afternoon as the effects of slightly higher crude oil prices were balanced by a weaker crack spread. November swaps were assessed at $952-953/tonne.

BENZENE: $1,330-1,365/tonne, up $15-40/tonne
European spot benzene prices continued to firm in morning trading on the back of higher prices in Asia and a tight US market. November was pegged at $1,320-1,350/tonne.

STYRENE: $1,530-1,560/tonne, bids up $20/tonne
European styrene was valued at $1,530-1,560/tonne FOB Rotterdam for October and November. Although the bids firmed for both months, no public deals were recorded.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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