NOON SNAPSHOT – Europe Markets Summary

18 February 2013 12:00  [Source: ICIS news]

LONDON (ICIS)--Here is Monday’s midday European oil and chemical market summary from ICIS.

CRUDE: March WTI: $95.60/bbl, down 26 cents/bbl. April BRENT: $117.80/bbl, up 14 cents/bbl
Prices were little changed in quiet trading due to the US Presidents Day holiday.

NAPHTHA: $1,007-1,009/tonne, unchanged
The cargo price range is assessed stable as firmer crude oil was countered by a weaker crack spread. March swaps were assessed at $988-990/tonne.

BENZENE: $1,385-1,400/tonne, up $5/tonne
February opened higher this morning, supported by Brent gains, although the Asian market saw some weakness earlier in the day. March was wider at $1,380-1,410/tonne.

STYRENE: $1,700-1,730/tonne, steady
February was quiet and the range was unchanged so far this morning, as players focused on the forward month. March remains in contango, as offers edged up from last week’s close to $1,765/tonne. April was valued $10/tonne higher than March.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly