EVENING SNAPSHOT – Europe Markets Summary

14 December 2012 17:15  [Source: ICIS news]

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

CRUDE: January WTI: $86.55/bbl, up 66 cents/bbl. January BRENT: $109.10/bbl, up $1.19/bbl
Prices remained firm on the back of supportive Chinese manufacturing data and a weaker US dollar.

NAPHTHA: $926-928/tonne, up $1/tonne.
The cargo range edged up as a result of higher crude oil values. There was one trade this afternoon. January swaps were assessed at $915-917tonne.

BENZENE: $1,500-1,520/tonne, up $10/tonne
December traded at $1,510/tonne while January remained in contango with a deal done at $1,520/tonne.

STYRENE: $1,590-1,610/tonne, up $10/tonne
December edged up in tandem with benzene this afternoon, though the majority of players were focused on January. The forward market continued to gain ground, and January traded at $1,640/tonne, $1,650/tonne and $1,655/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: $1,139-1,140/tonne, unchanged
No deals were done and the range is assessed unchanged. EuroBob gasoline also did not trade.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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