NOON SNAPSHOT – Europe Markets Summary

07 January 2013 12:00  [Source: ICIS news]

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

CRUDE: February WTI: $92.77/bbl, down 32 cents/bbl. February BRENT: $110.97/bbl, down 34 cents/bbl
Futures were pressured by a stronger US dollar, but this was offset by hopes of recovery in the US and China following the release of encouraging manufacturing data.

NAPHTHA: $932-934/tonne, steady
The cargo range held steady from Friday afternoon as the effects of lower crude oil values were balanced by a firmer crack spread. February swaps were assessed at $918-919/tonne.

BENZENE: $1,450-1,465/tonne, down $30/tonne
Soft demand for spot benzene pushed prices down in morning trading. January was valued at $1,450-1,465/tonne and February at $1,445-1,465/tonne.

STYRENE: $1,680-1,720/tonne, down $5-20/tonne
European styrene spot prices opened lower this morning, and industry bought at $1,690/tonne for January. February was valued at $1,700-1,725/tonne. 

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
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