EVENING SNAPSHOT – Europe Markets Summary

10 December 2012 17:00  [Source: ICIS news]

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

CRUDE: January WTI: $86.45/bbl, up 52 cents/bbl. January BRENT: $108.15/bbl, up $1.13/bbl
Crude prices remained firm, boosted by positive Chinese economic data.

NAPHTHA: $936-938/tonne, down $2/tonne
Prices inched down as five cargo deals were recorded in the range above. January swaps were assessed at $924-925tonne.

BENZENE: $1,455-1,465/tonne, narrowing
The range for December narrowed this afternoon. January was valued at $1,460-1,475/tonne, and there was an unconfirmed deal heard at $1,475/tonne.

STYRENE: $1,560-1,575/tonne, narrowing
December bids and offers narrowed this afternoon but no business was confirmed. January traded twice at $1,595/tonne and the range was valued at $1,590-1,600/tonne.

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

MTBE: $1,110-1,111/tonne, unchanged
No deals were recorded in a quiet market devoid of bids and offers. EuroBob gasoline traded in the range $938/tonne.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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