EVENING SNAPSHOT – Europe Markets Summary

11 March 2013 17:24  [Source: ICIS news]

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

CRUDE: April WTI: $91.35/bbl, down 60 cents/bbl. April BRENT: $110.06/bbl, down 79 cents/bbl
Crude oil futures extended losses late on Monday pressured by weaker-than-expected industrial output from China during January and February.

NAPHTHA: $920-934/tonne, wider by $1-11/tonne
The cargo range is wider by $1-11/tonne from earlier in the day. There were two trades at $920/tonne and $934/tonne. April swaps were assessed at $895-897/tonne.

BENZENE: $1,250-1,270/tonne, down $5-10/tonne
The market saw further price erosion this afternoon amid weak derivative demand. April was valued at $1,270-1,285/tonne.

STYRENE: $1,650-1,680/tonne, steady
March traded at $1,660/tonne and $1,665/tonne, within the current bid/offer range. April narrowed to $1,660-1,685/tonne but was later valued flat with March.

TOLUENE: $1,220-1,270/tonne, steady
The spot market was quiet and the March bid/offer range was unchanged.

MTBE: $1,194/tonne, no change
Only offers were seen, the lowest at $1,204/tonne, and prices are therefore assessed unchanged. EuroBob gasoline traded at $989/tonne.

For more pricing intelligence visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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