21 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: $95.17/bbl, down 39 cents/bbl. March BRENT: $111.74/bbl, down 15 cents/bbl
Futures prices were pressured during the morning session following the release of downbeat US consumer data and concerns of an oversupplied market.
NAPHTHA: $928-930/tonne, up $8/tonne
The cargo range climbed from Friday afternoon, driven by higher crude oil prices. February swaps were assessed at $927-929/tonne.
BENZENE: $1,455-1,475/tonne, up $25-30/tonne
January bids opened higher at $1,455/tonne, as Brent futures remained above $110/bbl. February was valued at $1,455-1,475/tonne, while March bids were at $1,420/tonne.
STYRENE: $1,690-1,720/tonne, up $15/tonne on the sell side
The market opened higher on the offer side in line with firmer benzene numbers. February was offered at $1,735/tonne, while bids for March were at $1,720/tonne but not met with any offers.
For more pricing intelligence visit ICIS pricing
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections