EVENING SNAPSHOT - Americas Markets Summary

15 March 2013 21:47  [Source: ICIS news]

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

CRUDE: Apr WTI: $93.45/bbl, up 42 cents; May Brent: $109.82/bbl, up 86 cents
NYMEX WTI crude futures rose on pre-weekend buying in response to released data showing February industrial production rising more than expected. The dollar fell broadly, and the stock market faltered. Crude futures extended the gains from the previous session, factoring in an upbeat jobless report.

RBOB: Apr: $3.1638/gal, up 2.25 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices rebounded slightly from this week’s declines. Stronger crude values contributed to the higher RBOB prices. For the week, gasoline futures ended 1.14 cents/gal up.

NATURAL GAS: Apr: $3.872/MMBtu, up 6 cents
The April front month contract on the NYMEX natural gas market settled for the week at a fresh 2013 high, up 1.5% from the previous day’s close and 8% from the end of last week, thanks to dwindling inventory levels and an improving near-term demand picture caused by continuing colder-than-average temperatures.

ETHANE: higher at 27.50-27.75 cents/gal
Ethane spot prices were higher, as more buyers entered the market. Strength in crude futures and other NGLs, including propane, also lent upward support.

AROMATICS: mixed xylene flat at $4.10-4.20/gal, toluene flat at $4.00-4.20/gal
There was no change in spot prices for the mixed xylene (MX) and toluene market during the day. Activity was thin, with many trade participants out of the market.

OLEFINS: ethylene tighter at 64.50-66.25 cents/lb, PGP done higher at 65.000-65.375 cents/lb
Bid levels for March ethylene were steady at 64.50 cents/lb, while offer levels fell to 66.25 cents/lb as a cracker restart is expected during the weekend. March polymer-grade propylene (PGP) was done at 65.000 and 65.375 cents/lb, higher than a deal done yesterday at 63.500 cents/lb.

For more pricing intelligence please visit www.icispricing.com


By: Staff Reporter
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly