EVENING SNAPSHOT - Americas Markets Summary

09 November 2012 22:45  [Source: ICIS news]

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

CRUDE: Dec WTI: $86.07/bbl, up 98 cents; Dec Brent: $109.40/bbl, up $2.15
NYMEX WTI crude futures rose on pre-weekend buying, tracking modest gains in the stock market in response to released data showing consumer confidence hitting a five-year high. In choppy action, crude prices also received a boost from a rally in gasoline (RBOB) futures.

RBOB: Dec: $2.6992, up 9.19 cents/gal
Reformulated gasoline blendstock for oxygen blending (RBOB) prices settled higher as it tracked the increase in crude oil. Gasoline futures also rose as US consumer confidence hit a five-year high.

NATURAL GAS: Dec: $3.503/MMBtu down 10.5 cents  
The December contract on the NYMEX natural gas market fell by 2.9% through Friday trading to finish the week at its lowest level since late September. Milder weather fronts moved into high consumption regions in time for the weekend, limiting expectations for near-term demand. 

ETHANE: lower at 29.25 cents/gal
Ethane prices fell below the 30 cent/gal threshold for the first time since July, as the overall weakness in crude oil has influenced many commodities.

AROMATICS: toluene tighter at $4.12-4.20/gal, mixed xylene up at $3.99-4.01/gal
US n-grade toluene spot prices were discussed in a more narrow range during the day. The toluene range was tighter compared with $4.10-4.25/gal FOB (free on board) the previous session. US mixed xylene (MX) spot prices were up following a reported deal at $4.00/gal. The deal was above bid levels of $3.90/gal the previous session.

OLEFINS: ethylene offer down at 55.50 cents/lb, RGP flat at 50 cents/lb
US ethylene for November was bid at 52 cents/lb against a 55.50 cent/lb offer. November ethylene traded at 55 cents/lb earlier this week. Refinery-grade propylene (RGP) was assessed flat based on a deal earlier in the week.

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