NOON SNAPSHOT – Europe Markets Summary

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


By: Staff Reporter
+44 20 8652 3214



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