EVENING SNAPSHOT – Europe Markets Summary

08 January 2013 17:06  [Source: ICIS news]

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

CRUDE: February WTI: $92.85/bbl, down 34 cents/bbl. February BRENT: $111.57/bbl, up 17 cents/bbl
Brent crude oil futures remained in positive territory supported by optimism of positive trade data from China. The February NYMEX WTI contract was pressured by US stocks which opened in negative territory.

NAPHTHA: $933-935/tonne, down $1-3/tonne
The cargo range edged down with one trade taking place this afternoon. February swaps were assessed at $929-931/tonne.

BENZENE: $1,425-1,435/tonne, down $5-10/tonne
January continued to soften amid slow demand from end users.

STYRENE: $1,650-1,660/tonne, down $30-40/tonne
January traded at $1,657/tonne and the range was assessed lower. February was valued flat with January.

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

MTBE: $1,320/tonne, down $68/tonne
No deals were done but offers were made substantially below the previous price level with no takers. EuroBob gasoline traded at $978-983/tonne.

For more pricing intelligence visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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