EVENING SNAPSHOT – Europe Markets Summary

01 February 2013 17:25  [Source: ICIS news]

LONDON (ICIS)--Here is Friday’s end of day European oil and chemical market summary from ICIS.

CRUDE: March WTI: $97.75/bbl, up 26 cents/bbl. March BRENT: $116.80/bbl, up $1.25/bbl
Crude prices started the new month on a firm note, buoyed by a weak US dollar and soaring global stock markets.

NAPHTHA: $979-981/tonne, up $23-27/tonne
The cargo range gained, driven by higher crude oil values. Four trades took place this afternoon. March swaps were assessed at $956-958/tonne.

BENZENE: $1,395-1,410/tonne, narrowing
The range narrowed in a quiet market. March was slightly lower at $1,390-1,410/tonne.

STYRENE: $1,720-1,735/tonne, narrowing
The market narrowed amid subdued activity following the settlement of the February barge contract at €1,448/tonne FOB ARA. March was valued firmer at $1,730-1,750/tonne.

TOLUENE: $1,270-1,290/tonne, down $10-30/tonne
Offers were lower this week at $1,280-1,290/tonne, with falling Asian numbers putting pressure on the European market.

MTBE: $1,269/tonne, up $14-15/tonne 
The market made up Thursday’s lost ground, and more, with a solitary afternoon deal. EuroBob gasoline traded at $1,071-1,078/tonne, putting the MTBE factor against cash barges at 1.18, down one point.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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