EVENING SNAPSHOT – Europe Markets Summary

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

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

CRUDE: January WTI: $88.55/bbl, up 48 cents/bbl. January BRENT: $110.87/bbl, up 11 cents/bbl
Crude oil futures gained on Friday finding support from the German Parliament which approved the Greek financing deal.

NAPHTHA: $951-953/tonne, up $2/tonne
The cargo range edged up from earlier in the day as a result of a firmer crack spread. There was one trade this afternoon. December swaps were assessed at $943-945/tonne.

BENZENE: $1,400-1,415/tonne, down $10/tonne
The market continued to soften, with December offers at $1,420/tonne then at $1,415/tonne but no firm buying interest. A deal was later done at $1,410/tonne. January was firmer at $1,405-1,430/tonne. The December contract was settled at €1,084/tonne FOB NWE, up €52/tonne from the previous month.

STYRENE: $1,500-1,550/tonne, down $20/tonne on the buy side
January was valued at $1,500-1,560/tonne. December was quiet and the bid level was assessed lower in a bearish market.

TOLUENE: $1,280-1,320/tonne, steady
The market remained quiet and the December range was steady with buyers below $1,300/tonne, while sellers remain unwilling to follow amid bullish energy numbers.

MTBE: $1,142-1,188/tonne, down $10/tonne on the low end of the range, up $36/tonne on the high end
There were no MTBE trades during open market trading, although bids and offers were at $1,142-1,188/tonne FOB AR. EuroBob gasoline did not trade.

For more intelligence pricing please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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