EVENING SNAPSHOT – Europe Markets Summary

28 March 2013 17:00  [Source: ICIS news]

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

CRUDE: May WTI: $96.65/bbl, up 7 cents/bbl. May BRENT: $109.25/bbl, down 44 cents/bbl
Prices ended the truncated week giving back some of the gains posted in the previous days as the euro again faltered in the currency markets on the back of ongoing concerns over the eurozone economy.

NAPHTHA: $883-887/tonne, down $14/tonne on the low end, down $11/tonne on the high end. (early window 12:30)
The cargo range edged down. There were three cargoes sold during the open market trading session. April swaps were assessed at $873-875/tonne.

BENZENE: $1,220-1,235/tonne, down $15-20/tonne
April traded at $1,225-1,235/tonne and the range moved lower.

STYRENE: $1,600-1,610/tonne, up $10/tonne on the buy side
The market was quiet with buyers at $1,600/tonne for April following several deals done at that level earlier. May was flat with the current month.

TOLUENE: $1,170-1,200/tonne, down $40-50/tonne
The market came down further, with CIF offers for April heard below $1,200/tonne and no firm buying interest.

MTBE: $1,192-1,196/tonne, down $10-14/tonne (early window 12:30)
Prices edged down with two deals during open market trading. EuroBob gasoline traded at $1,051/tonne FOB AR, putting the MTBE factor against barges at 1.13-1.14.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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