EVENING SNAPSHOT – Europe Markets Summary

03 December 2012 16:54  [Source: ICIS news]

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

CRUDE: January WTI: $89.24/bbl, up 33 cents/bbl. January BRENT: $111.18/bbl, down 5 cents/bbl
Crude oil futures weakened late on Monday pressured by pessimistic factory data from the US, which showed the manufacturing sector contracted in November.

NAPHTHA: $948-950/tonne, up $7/tonne
The cargo range climbed with four trades taking place this afternoon. January swaps were assessed at $933-935/tonne.

BENZENE: $1,410-1,420/tonne, narrowing
Bids for December moved up to $1,410/tonne and the range narrowed while January was also talked narrower at $1,415-1,430/tonne.

STYRENE: $1,540-1,560/tonne, up $15/tonne on the buy side
December bids moved gradually this afternoon. January traded at $1,575/tonne and $1,580/tonne, and the range was valued at $1,570-1,585/tonne.

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. Several December contracts were confirmed at $1,295/tonne and $1,297/tonne FOB NWE, and further confirmation from players is pending.

MTBE: $1,129-1,175/tonne, down $13/tonne.
No MTBE trades took place but the range is assessed lower on offers seen. EuroBob gasoline traded at $973/tonne.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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