EVENING SNAPSHOT - Americas Markets Summary

25 February 2013 23:53  [Source: ICIS news]

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

CRUDE: Apr WTI: $93.11/bbl, down 2 cents; Apr Brent: $114.44/bbl, up 34 cents
NYMEX WTI crude futures rose sharply overnight but reversed direction and moved into negative territory under pressure from a weak stock market and the euro reversing direction and losing ground against the dollar.

RBOB: Mar $3.0611/gal, down 1.85 cents/gal
Reformulated blendstock for oxygen blending (RBOB) futures dipped as the market began to focus on the April contract.

NATURAL GAS: Mar: $3.414/MMBtu, up 12.3 cents
The front month on the NYMEX natural gas market settled at 12-session high on sentiment for rising near-term demand in the Midwest and central south of the country due to expectations of a sustained period of lower-than-normal temperatures through the next two weeks.

ETHANE: higher at 26.75 cents/gal
Ethane spot prices were higher on Monday following other energy commodities.

AROMATICS: toluene flat at $4.35-4.50/gal, mixed xylene flat at $4.47-4.49/gal
Prompt n-grade toluene and mixed xylene (MX) spot prices were stable to start the week. Activity was thin, as no fresh trades were done during the day and discussions were quiet.

OLEFINS: ethylene done higher at 62.125 cents/lb; RGP bid higher at 66 cents/lb
February ethylene was done at 62.125 cents/lb on Monday, slightly higher than the previous deal done at 62.000 cents/lb, as sources said supply might be tightening. February refinery-grade propylene (RGP) was heard bid at 66 cents/lb, with no offers.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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