EVENING SNAPSHOT – Europe Markets Summary

17 December 2012 16:56  [Source: ICIS news]

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

CRUDE: January WTI: $87.45/bbl, up 72 cents/bbl. February BRENT: $108.10/bbl, down 8 cents/bbl
The NYMEX rallied on the back of forecasts of colder weather in the US but Brent remained rangebound.

NAPHTHA: $943-950/tonne, up $10-15/tonne
The cargo range made gains from earlier in the day, driven by a stronger crack spread. There were three trades this afternoon. January swaps were assessed at $932-934/tonne.

BENZENE: $1,480-1,510/tonne, up $5-10/tonne
Spot prices continued to ease amid thin buying interest. December was valued at $1,480-1,510/tonne, with January at $1,500-1,520/tonne. Traders said no deals had taken place so far on Monday.

STYRENE: $1,570-1,600/tonne, bid down $10/tonne
Bids eased $10/tonne in afternoon trade although offers held steady at $1,600/tonne. January was valued at $1,630-1,655/tonne. No public deals were done, according to market sources.

TOLUENE: $1,280-1,300/tonne, offer down $30/tonne
Spot offers eased on a notional basis. Traders said there really was very little buying or selling interest for toluene ahead of year-end.

MTBE: $1,190-1,220/tonne, up $51-80/tonne
There were seven deals reported in open market trading, ranging from $1,190-1,220/tonne. EuroBob gasoline traded at $941/tonne, putting the factor at 1.26-1.30.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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