EVENING SNAPSHOT – Europe Markets Summary

13 November 2012 17:00  [Source: ICIS news]

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

CRUDE: Dec WTI: 85.46/bbl, down 11 cents/bbl. Dec BRENT: $108.23/bbl, down 84 cents/bbl
Crude oil futures remained in negative territory late on Tuesday pressured by weak stock markets and mounting concerns over Greece’s finances.

NAPHTHA: $925-930/tonne, down $13-16/tonne
A cargo traded at $930/tonne CIF NWE, after which offers decreased further but with no takers. December swaps were assessed at $919-920/tonne.

BENZENE: $1,325-1,345/tonne, steady
Offers for November held firm at $1,345/tonne, but there were no firm bids. December offers were steady at $1,340/tonne.

STYRENE: $1,460-1,480/tonne, down $20-30/tonne
The market remained quiet with many players attending the annual ICIS World Aromatics & Derivatives Conference in Berlin. Offers for November were at $1,480/tonne following a deal on Monday at that level, but there were no corresponding bids. December was in contango with offers at $1,495/tonne.

TOLUENE: $1,330-1,370/tonne, steady
November was steady in a quiet market. Nevertheless, balanced supply levels mitigated any downward turn on pricing.

MTBE: $1,126/tonne, unchanged
No deals were done and price is assessed unchanged. EuroBob gasoline traded at $953/tonne FOB AR.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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