NOON SNAPSHOT – Europe Markets Summary

22 April 2013 12:00  [Source: ICIS news]

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

CRUDE: May WTI: $88.70bbl, up 69 cents/bbl. June BRENT: $100.54/bbl, up 89 cents/bbl
Crude oil futures gained on Monday finding support from firmer stock markets around the globe and also news that Italy re-elected Giorgio Napolitano as its President paving the way for political stability in the country.

NAPHTHA: $803-806/tonne, up $11/tonne on the low end, up $12/tonne on the high end
The cargo range was assessed up from Friday evening on higher crude prices. 
May swaps were assessed at $801-803/tonne.

BENZENE$1,360-1,380/tonne, down $15-20/tonne
April opened lower this morning following the bull run seen throughout last week, with some apprehension about the firming market among downstream players keeping a lid on the upward momentum so far. May bids were slightly higher at $1,365/tonne.

STYRENE: $1,525-1,550/tonne, steady
There were no clear indications for April yet. May opened at $1,540-1,575/tonne, slightly lower on the buy side as benzene opened lower.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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