NOON SNAPSHOT – Europe Markets Summary

05 April 2013 12:07  [Source: ICIS news]

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

CRUDE: May WTI: $93.00/bbl, down 26 cents/bbl. May BRENT: $105.99/bbl, down 35 cents/bbl
Crude oil futures weakened, pressured by weaker stock markets and concerns over the recovery of the global economy.

NAPHTHA: $855-858/tonne, up $12/tonne on the low end, up $13/tonne on the high end.
The cargo range was assessed up on a higher crack spread. May swaps were assessed at $848-851/tonne.

BENZENE: $1,255-1,300/tonne, up $10-40/tonne
April values moved up, notably on the sell side, as the US market rebounded and Brent futures were steady to firm. May offers were at $1,300/tonne but met with no bids.

STYRENE: $1,590-1,640/tonne, widening
The range for April widened amid mixed signals in the market, with firmer benzene pricing counterbalanced by ongoing weak demand and oversupply in Europe.

For more pricing intelligence visit ICIS pricing

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