14 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: $94.12/bbl, up 56 cents/bbl. February BRENT: $111.17/bbl, up 53 cents/bbl
Futures continued to trade in positive territory during the morning session on a weaker US dollar. Prices were also supported by the start up of the expanded Seaway Pipeline, which will help to alleviate the build up of crude stocks in the US Midwest.
BENZENE: $1,360-1,390/tonne, down $10/tonne on the buy side
Bids for January opened lower this morning although offers were steady in a quiet market so far. February was offered slightly higher at $1,395/tonne.
STYRENE: $1,640-1,660/tonne, up $20/tonne
February was valued at $1,655-1,675/tonne, slightly higher from last week’s close as a dearth of imports into Europe buoyed initial sentiment. There was no firm range for January so far, and the range was assessed slightly stronger.
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|
Asian Chemical Connections