EVENING SNAPSHOT – Europe Markets Summary

13 March 2013 17:17  [Source: ICIS news]

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

CRUDE: April WTI: $92.32/bbl, down 22 cents/bbl. April BRENT: $108.45/bbl, down $1.20/bbl
Crude oil futures weakened late on Wednesday pressured by a rise in US crude oil stocks, according to data from the US Energy Information Administration.

NAPHTHA: $909-932/tonne, down $31/tonne on the low end, down $10/tonne on the high end
The cargo range fell from earlier in the day on lower crude oil prices. April swaps were assessed at $890-891/tonne.

BENZENE: $1,255-1,280/tonne, up $5-10/tonne
March edged up this afternoon following some incremental gains seen in the US market. April was valued at $1,270-1,290/tonne, trading twice at $1,280/tonne, while bids for May were higher still at $1,290/tonne.

STYRENE: $1,660-1,690/tonne, down $20-30/tonne
The market eased further this afternoon following the sharp gains seen on Tuesday. There was talk of March deals around the high end of the range but this was so far unconfirmed. April was 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: $1,176/tonne, up $8-18/tonne
Prices increased with two trades in the afternoon window. Eurobob gasoline did not trade.

For more pricing intelligence visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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