04 March 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Monday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Apr WTI: $90.12/bbl, down 56 cents; Apr Brent: $110.09/bbl, down 31 cents
NYMEX light sweet crude extended recent losses on worries over the US budget situation, as well as weak manufacturing data from China signalling slower growth.
RBOB: Apr: $3.0983/gal, down 3.03 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled lower as it tracked the weakness in crude futures.
NATURAL GAS: Apr: $3.529/MMBtu, up 7.3 cents
The front month contract on the NYMEX natural gas market rose above the $3.50/MMBtu mark for the first time since late January, as traders reacted to forecasts for below- to well-below-normal temperatures across the east through the next five days.
AROMATICS: toluene flat at $4.35-4.40/gal, mixed xylenes flat at $4.45-4.50/gal
Activity was thin for US toluene and mixed xylenes (MX) to start the week. As a result, spot prices were flat from Friday.
OLEFINS: ethylene wider at 60.25-64.00 cents/lb, PGP higher at 70.0-70.5 cents/lb
US bid/offer levels for March ethylene widened to 60.25-64.00 cents/lb, compared with levels at 62.00-64.00 cents/lb on Friday. March polymer-grade propylene (PGP) was done at 70.0 and 70.5 cents/lb, higher than a trade from Thursday at 70.0 cents/lb.
For more pricing intelligence please visit www.icispricing.com
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