EVENING SNAPSHOT - Americas Markets Summary

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.

ETHANE:  lower at 26.75 cents/gal
Ethane spot prices were slightly lower on Monday, following crude oil and other energy commodities.

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

By: Staff Reporter
+44 20 8652 3214

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