NOON SNAPSHOT – Europe Markets Summary

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

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

CRUDE: November WTI: $92.09/bbl, down 1 cents/bbl. December BRENT: $112.82/bbl, up 40 cents/bbl
ICE Brent crude oil futures gained, supported by a deal struck between eurozone leaders which agreed to implement a central banking regulator. The legal framework is expected to be drawn up by the end of the year.

NAPHTHA: $968-975/tonne, up $13/tonne
The cargo range made gains, driven by higher crude oil prices and a stronger crack spread. November swaps were assessed at $954-956/tonne.

BENZENE: $1,390-1,430/tonne, up $40-60/tonne
Spot prices continued to firm on tight supply and additional gains in Asia. Any November delivery was pegged at $1,365-1,400/tonne. 1H November benzene was pegged higher than any November at $1,375-1,420/tonne. November benzene traded at $1,370/tonne.

STYRENE: $1,525-1,565/tonne, down $5-20/tonne
Spot prices continue to come down in morning trading despite further gains in the benzene market. November was pegged at $1,530-1,560/tonne. Sellers were outweighing the buyers, sources agreed.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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