NOON SNAPSHOT – Europe Markets Summary

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

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

CRUDE: March WTI: $95.40/bbl, down 46 cents/bbl from Friday’s close. April BRENT: $117.25/bbl, down 13 cents/bbl
Prices were down a little in quiet trade as people waited for the US to resume business after Monday’s holiday.

NAPHTHA: $999-1,001/tonne, down $8/tonne
The cargo range was assessed down as a result of a weaker crack spread. March swaps were assessed at $980-981/tonne.

BENZENE: $1,380-1,400/tonne, up $5/tonne
February opened higher as the US market saw more incremental gains and the Asian market stabilised. March remained in contango at $1,390-1,410/tonne.

STYRENE: $1,700-1,720/tonne, down $5-10/tonne
February remained weak, with benzene hovering below the $1,400/tonne mark and buying interest primarily focused on March and April. March was in contango at $1,735-1,765/tonne while April was valued $5/tonne higher.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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