EVENING SNAPSHOT – Europe Markets Summary

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

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

CRUDE: May WTI: $93.00/bbl, up 55 cents/bbl. May BRENT: $107.55/bbl, up 8 cents/bbl
Crude oil futures edged lower but remained in positive territory on hopes that Cyprus will reach a new deal with the EU and the International Monetary Fund.

NAPHTHA: $890-906/tonne, down $17/tonne on the low end, down $4/tonne on the high end.
The cargo range edged down on softer crude oil prices and a weaker crack spread. April swaps were assessed at $879-881/tonne.

BENZENE: $1,255-1,270/tonne, steady
March was quiet as attention turned to the forward month, closing at $1,255-1,270/tonne. April bids moved up to $1,265/tonne and the range closed at $1,265-1,280/tonne.

STYRENE: $1,625-1,640/tonne, steady
April traded at $1,640/tonne on a CIF basis earlier today. The market was otherwise quiet and the ranges were unchanged.

TOLUENE: $1,220-1,250/tonne, steady
The market remained quiet, with some offers heard at $1,240-1,245/tonne on a CIF basis but no corresponding bids.

MTBE: $1,218/tonne, steady
No deals were heard during the open market session, the range has been assessed stable as a result. EuroBob gasoline traded at $970-972/tonne.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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