EVENING SNAPSHOT - Americas Markets Summary

10 January 2013 22:48  [Source: ICIS news]

HOUSTON (ICIS)--Here is Thursday’s end of day Americas oil and chemical market summary from ICIS.

CRUDE: Feb WTI: $93.82/bbl, up 72 cents; Feb Brent: $111.89/bbl, up 13 cents
NYMEX WTI crude futures rose in response to strong import and export growth figures from China suggesting an improvement in global demand and reports that Saudi Arabia had been trimming oil production during the past two months.

RBOB: Feb: $2.7933/gal, up 1.44 cents/gal
Reformulated blendstock for oxygen blending (RBOB) prices gained back nearly all of Wednesday’s losses as news of the US Energy Information Administration (EIA) data, which showed a large build-up in gasoline inventories, wore off.

NATURAL GAS: Feb: $3.193/MMBtu, up 8.0 cents
NYMEX natural gas futures settled on 10 January, trading up for the first time in four sessions, following the release of positive consumption data in the EIA’s latest gas storage report, which showed a higher-than-expected decline in US inventories over the week ended 4 January.

ETHANE: lower at 21 cents/gal
Ethane prices fell further as an oversupplied market pushed prices lower.

AROMATICS: toluene flat at $4.10-4.30/gal, mixed xylene wider at $4.30-4.55/gal
Prompt toluene spot prices were flat during the day. However, prompt mixed xylene (MX) spot prices moved to within a wider range, as bids came down. The MX spot range was at $4.40-4.55/gal FOB (free on board) from the previous session.

OLEFINS: ethylene offer up at 66 cents/lb, PGP bid down at 69 cents/lb
US ethylene for January was offered up from deals done at 64-65 cents/lb on Wednesday. Polymer-grade propylene (PGP) for January was bid lower from deals done at up to 71.50 cents/lb the previous day against a 72.75 cent/lb offer.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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