26 November 2012 23:04 [Source: ICIS news]
HOUSTON (ICIS)--Here is Monday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Jan WTI: $87.74/bbl, down 54 cents; Jan Brent: $110.92/bbl, down 46 cents
NYMEX WTI crude futures finished down, tracking a negative stock market and the euro shifting lower against the dollar. Discussions about the Greek debt and the fiscal cliff in the US pressured commodities.
RBOB: Dec: $2.7263, down 1.76 cents/gal
Reformulated gasoline blendstock for oxygen blending (RBOB) prices traded lower throughout the day and settled down as they tracked the weakness in the crude oil market.
NATURAL GAS: Dec: $3.730/MMBtu, down 17.1 cents
Natural gas futures took a 4% dive by the end of closing on Monday, after warm weather forecasts eroded demand expectations and chased off support for the Henry Hub benchmark. Intraday trading reached a floor at $3.704/MMBtu before settling at its closing price.
ETHANE: lower at 28.25 cents/gal
Ethane spot prices fell to their lowest level since June, as a supply overhang continues to influence the market.
AROMATICS: toluene flat at $4.20-4.30/gal, MX flat at $4.15-4.25/gal
There were no fresh trades in the US toluene and mixed xylene (MX) market during the day. Discussions were also limited. As a result, toluene and MX spot prices were unchanged from the previous session.
OLEFINS: ethylene flat at 50.625-50.750 cents/lb, RGP bid flat at 48 cents/lb
US ethylene for December traded mostly flat with previous deals done last week. Refinery-grade propylene (RGP) for December remained bid flat with no offers.
For more pricing intelligence please visit www.icispricing.com
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections