EVENING SNAPSHOT – Europe Markets Summary

09 April 2013 17:05  [Source: ICIS news]

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

CRUDE: May WTI: $93.33/bbl, down 3 cents/bbl. May BRENT: $104.88/bbl, up 22 cents/bbl
Crude oil futures edged lower late on Tuesday on mounting concerns over the health of the global economy and expectations that US crude stocks increased last week.

NAPHTHA: $844-846/tonne, down $7/tonne on the low end, down $8/tonne on the high end
The cargo range edged down from earlier in the day on deals in today’s open market trading. May swaps were assessed at $839-841/tonne.

BENZENE: $1,305-1,320/tonne, up $10-15/tonne
The range for April edged down but later recovered, with deals done as high as $1,315/tonne. May was valued at $1,310-1,325/tonne.

STYRENE: $1,605-1,610/tonne, narrowing
April traded at $1,608/tonne and the range narrowed to reflect this. May was valued at $1,600-1,635/tonne.

TOLUENE: $1,150-1,160/tonne, steady
The market was quiet amid continued weak demand and the range was steady. With the arbitrage window into the US from Europe closed, one source noted that it would be difficult to find any purchasing interest for spot material.

MTBE: $1,108/tonne, steady
No trades were heard, only offers above the previously traded range. The price has been assessed unchanged as a result. EuroBob gasoline traded at $972-980/tonne FOB AR.

For more pricing intelligence visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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