EVENING SNAPSHOT – Europe Markets Summary

10 April 2013 17:20  [Source: ICIS news]

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

CRUDE: May WTI: $94.05/bbl, down 15 cents/bbl. May BRENT: $105.77/bbl, down 46 cents/bbl
ICE Brent crude oil futures extended losses, pressured by an unexpected rise in US gasoline stocks.

NAPHTHA: $837-839/tonne, down $13/tonne on the low end, down $12/tonne on the high end
The cargo range edged down and there was one trade at today’s open market trading. May swaps were assessed at $834-836/tonne.

BENZENE: $1,300-1,310/tonne, down $5-20/tonne
April traded at $1,325/tonne and $1,330/tonne earlier before the market edged down. Deals were later done at $1,315/tonne and $1,310/tonne. May offers were at $1,320/tonne.

STYRENE: $1,600-1,620/tonne, steady
The market was quiet and the range for April was unchanged. May was flat with April.

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
There were no trades during the open trading session for the second day in a row. The price has been assessed unchanged as a result. EuroBob gasoline traded at $961-963/tonne FOB AR.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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