EVENING SNAPSHOT – Europe Markets Summary

31 December 2012 16:00  [Source: ICIS news]

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

CRUDE: February WTI: $90.95/bbl, up 15 cents/bbl. February BRENT: $110.28/bbl, down 34 cents/bbl
NYMEX WTI crude oil futures edged higher into positive territory as investors held out hopes for a last-minute deal between US lawmakers to prevent automatic tax rises and public spending cuts. ICE Brent also recuperated from earlier losses but failed to break-even with the previous settlement.

NAPHTHA: $937-939/tonne, down $11/tonne (window closed early at 12.30 GMT)
The cargo range lost ground with two trades taking place this afternoon. January swaps were assessed at $929-931/tonne.

BENZENE: $1,510-1,535/tonne, steady
The day closed on a quiet note with no buyers or sellers left in the market. The range is steady in the absence of any bids or offers.

STYRENE: $1,720-1,740/tonne, steady
The market was void of any firm bids or offers in afternoon trading and the range is steady.

TOLUENE: $1,280-1,300/tonne, steady
The range is steady on no buying or selling interest.

MTBE: $1,324-1,340/tonne, down $13-29/tonne (window closed early at 12.30 GMT)
Prices softened, with three deals in the above range. EuroBob gasoline traded at $946/tonne FOB ARA, putting the MTBE factor against cash barges at 1.40-1.42

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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