11 January 2013 17:01 [Source: ICIS news]
LONDON (ICIS)--Here is Friday’s end of day European oil and chemical market summary from ICIS.
CRUDE: February WTI: $93.15/bbl, down 67 cents/bbl. February BRENT: $110.09/bbl, down $1.80/bbl
Crude oil futures extended losses late on Friday pressured by growing concerns over falling demand and prices were also pressured by high levels of inflation in China.
NAPHTHA: $887-889/tonne, down $19-25/tonne
The cargo range suffered losses on the back of a much weaker crack spread and softer crude oil prices. There was one trade this afternoon. February swaps were assessed at $889-890/tonne.
BENZENE: $1,370-1,390/tonne, down $10/tonne on the sell side
January offers edged down to $1,390/tonne this afternoon. Deals were done at $1,370/tonne and $1,375/tonne. February was valued at $1,380-1,390/tonne.
STYRENE: $1,620-1,640/tonne, down $20/tonne
The market continued to slide this afternoon in line with upstream losses and poor derivative demand. February was in contango with offers at $1,665/tonne.
TOLUENE: $1,310-1,330/tonne, steady
The market was quiet and the range was steady, with slow demand and illiquidity counterbalanced by firmer crude and energy numbers.
MTBE: $1,220-1,230/tonne, up $71-80/tonne
Prices recovered some of the ground lost over the past few days with two deals in the range above. EuroBob gasoline traded at $964-966/tonne, putting the MTBE factor against cash barges at 1.27.
For more pricing intelligence visit ICIS pricing
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|