EVENING SNAPSHOT – Europe Markets Summary

25 October 2012 17:07  [Source: ICIS news]

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

CRUDE: December WTI: $85.63/bbl, down 10 cents/bbl. December BRENT: $108.20/bbl, up 35 cents/bbl
ICE Brent crude oil futures gained on Thursday supported by falling unemployment benefit claims in the US and a delayed restart of the Buzzard oil field.

NAPHTHA: $922-930/tonne, down $6-10/tonne
The cargo range lost ground from earlier in the day as a result of lower crude oil prices. Two trades took place this afternoon. November swaps were assessed at $914-916/tonne.

BENZENE: $1,330-1,390/tonne, up $5-30/tonne
The European benzene spot market was so thinly traded that prices were notional, traders said. October was pegged at $1,330-1,390/tonne. First-half November delivery remained firm with the offer at $1,350/tonne.

STYRENE: $1,475-1,510/tonne, steady
With so little buying or selling interest visible in the market, traders said styrene spot prices were simply notional. October and November were unchanged from morning trading. One sources said prices firmed a little, but only for a short period and quickly dropped back down again

TOLUENE: $1,380-1,400/tonne, steady
In the absence of any buying or selling price ideas, the toluene spot range remains steady.

MTBE: $1,115/tonne, range narrows
A solitary trade took place within Wednesday’s bid/offer range. EuroBob gasoline traded at $934-950/tonne, putting the factor against cash barges at 1.17-1.19.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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