EVENING SNAPSHOT - Americas Markets Summary

25 October 2012 23:10  [Source: ICIS news]

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

CRUDE: Dec WTI: $86.05/bbl, up 32 cents; Dec Brent: $108.49/bbl, up 64 cents
NYMEX WTI crude futures finished up for the first time in six sessions, receiving support from a rally in the refined products.

RBOB: Nov: $2.6764, up 7.34 cents/gal
Reformulated gasoline blendstock for oxygen blending (RBOB) prices began to rebound from 15-week lows seen earlier this week. A drop in jobless benefits claims, according to the US Department of Labor, helped to boost gasoline futures.

NATURAL GAS: Nov: $3.434/MMBtu, down 1.6 cents
The front month on the NYMEX natural gas market edged down through Thursday trade, following the release of the US Energy Information Agency’s latest weekly gas storage report, which showed US inventories at 99% capacity with two weeks still remaining in the April-October injection season. Contracts for longer term delivery moved upwards however, boosted by predictions of cooler than average temperatures through early November. 

ETHANEup at 32.50 cents/gal
Ethane spot prices rose, following other energy commodities.

AROMATICS: toluene down at $4.15-4.25, mixed xylene tighter at $4.10-4.20/gal
Prompt n-grade toluene was lower, while mixed xylene (MX) spot prices narrowed during the day, as traders shifted to November timing. Prompt n-grade spot levels were down from $4.20-4.40/gal FOB (free on board) the previous session, while MX prices were tighter compared with $4.00-4.35/gal FOB.

OLEFINS: ethylene up at 57.625cents/lb; RGP up at 51 cents/lb
October ethylene continued to trade higher amid talk of a cracker outage in Texas, while refinery-grade propylene (RGP) for October surged to 51 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

AddThis Social Bookmark Button

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.

Printer Friendly