EVENING SNAPSHOT - Americas Markets Summary

05 February 2013 23:00  [Source: ICIS news]

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

CRUDE: Mar WTI: $96.64/bbl, up 47 cents; Mar Brent: $116.52/bbl, up 92 cents
NYMEX WTI crude futures recouped some of Monday’s lost ground, as they tracked a rally in the stock market in response to data showing a gradual economic rebound in various global economies. Geopolitical risks of wider supply disruptions also provided underlying support.

RBOB: Mar: $3.0374/gal, up 2.59 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices reversed Monday’s losses during morning trading as crude futures continued to influence RBOB.

NATURAL GAS: Mar: $3.399/MMBtu, up 8.4 cents
NYMEX natural gas futures continued to rise for a second straight day, boosted by an outlook of colder-than-average temperatures across the US northeast and Great Lakes in the immediate term, which is expected to lead to a ramping up of heating demand.

ETHANE: higher at 26.25-26.50 cents/gal
Ethane spot prices rose despite downward movement in the energy complex.

AROMATICS: toluene wider at $4.28-4.35/gal, mixed xylene tighter at $4.50-4.55/gal
Prompt n-grade toluene spot prices were discussed within a wider range during the day, compared with $4.29-4.31/gal FOB (free on board) the previous session. MX spot prices were within a tighter range from $4.50-4.65/gal FOB the previous day.

OLEFINS: ethylene at 63.5 cents/lb, RGP done steady at 73 cents/lb
US ethylene for February was heard done at 63.500 cents/lb, lower than previous deals done at 65.000-65.125 cents/lb. February refinery-grade propylene (RGP) was done at 73 cents/lb, flat with a trade the previous day.

For more pricing intelligence please visit www.icispricing.com


By: Staff Reporter
+44 20 8652 3214



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