EVENING SNAPSHOT - Americas Markets Summary

01 April 2013 22:44  [Source: ICIS news]

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

CRUDE: May WTI: $97.07/bbl, down 16 cents; May Brent: $111.08/bbl, up $1.06
NYMEX WTI crude futures finished down, in line with light losses in the stock market and expectations that a shutdown pipeline due to a rupture carrying Canadian crude oil to the Gulf Coast region would result in higher supplies in the US Midwest.

RBOB: May: $3.1015/gal, up by 0.91 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures were up slightly despite weak manufacturing data.

NATURAL GAS: May: $4.015/MMBtu, down 0.9 cents
The Henry Hub benchmark closed above $4.000/MMBtu after the three-day holiday, but it was still less than a penny lower than the previous session. Trading tracked steadily higher during the day, recovering after a forecast of warmer temperatures for April, but prices were restrained from breaking through Thursday’s settlement price. 

ETHANE: lower at 29.50 cents/gal
Ethane spot prices were lower on reports that Dow Chemical and Chevron Phillips Chemical both had cracker outages.

AROMATICS: toluene wider at $3.70-3.78/gal; mixed xylenes down at $3.80-3.90/gal
Prompt n-grade toluene spot prices were discussed within a wider range during the day, sources said. The April afternoon range was wider from $3.75-3.77/gal FOB (free on board) the previous session. Prompt mixed xylene (MX) price discussions were down during the day, compared with $3.87-3.89/gal FOB the previous session.

OLEFINS: April ethylene wider at 59.0-63.5 cents/lb; April PGP lower at 60.5 cents/lb
Bids and offers for April ethylene moved to 59.00-63.50 cents/lb, wider than a deal done previously at 61.25 cents/lb. April polymer-grade propylene (PGP) fell to 60.5 cents/lb from the most recent deal done at 65.5 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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