EVENING SNAPSHOT – Europe Markets Summary

07 January 2013 17:00  [Source: ICIS news]

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

CRUDE: February WTI: $93.10/bbl, up 1 cent/bbl. February BRENT: $111.22/bbl, down 9 cents/bbl
Crude oil futures recuperated losses late on Monday, however Brent remained in negative territory pressured by weak stock markets.

NAPHTHA: $929-933/tonne, down $1-3/tonne
The cargo range edged down from earlier in the day, with two trades taking place this afternoon. February swaps were assessed at $923-924/tonne.

BENZENE: $1,450-1,475/tonne, up $10/tonne on the sell side
Offers for January moved up following a deal at $1,470/tonne, but buyers remained quiet. February traded at $1,455/tonne and the range closed at $1,445-1,470/tonne.

STYRENE: $1,690-1,715/tonne, narrowing
The January range narrowed in a subdued market this afternoon. February bids edged up to $1,705/tonne.

TOLUENE: $1,300-1,350/tonne, steady
The market remained quiet and the January range was unchanged amid ongoing illiquidity. 

MTBE: $1,388/tonne, unchanged
No deals were done and the price is assessed unchanged. EuroBob gasoline traded at $970.00-981.50/tonne.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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