EVENING SNAPSHOT - Americas Markets Summary

04 February 2013 22:32  [Source: ICIS news]

HOUSTON (ICIS)--Here is Monday’s end of day Americas oil and chemical market summary from ICIS.

CRUDE: Mar WTI: $96.17/bbl, down $1.60; Mar Brent: $115.60/bbl, down $1.16
NYMEX WTI crude futures fell along with global equities on bad economic news from Europe and profit-taking following a recent surge.

RBOB: Mar: $3.0115/gal, down 4.21 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled lower as it tracked weakness in the crude market.

NATURAL GAS: Mar: $3.315/MMBtu, up 1.4 cents
The front month contract on the NYMEX natural gas market began the week rising on the back of improving demand fundamentals as weather forecasts for the second half of February turned colder.

ETHANE: lower at 25.25 cents/gal
Ethane spot prices were lower, tracking crude and other energy commodities.

AROMATICS: toluene flat at $4.29-4.31/gal, mixed xylene flat at $4.50-4.65/gal
There were no fresh trades during the day. Activity was thin with many trade participants out of the market. As a result, n-grade toluene and mixed xylene (MX) spot prices were flat from late Friday.

OLEFINS: ethylene wider at 62.5-64.5 cents/lb, RGP done lower at 72-73 cents/lb
US ethylene for February was heard bid wider at 62.5-64.5 cents/lb, but no deals were reported done. Refinery-grade propylene for February traded twice, at 72.00 and 73.00 cents/lb, lower than the previous week’s price of 73.25 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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