EVENING SNAPSHOT – Europe Markets Summary

22 April 2013 17:00  [Source: ICIS news]

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

CRUDE: May WTI: $88.12/bbl, up 11 cents/bbl. June BRENT: $99.90/bbl, up 25 cents/bbl
Crude oil futures edged lower but remained in positive territory, as investors are hopeful that the newly re-elected Italian President will end the political stalemate in the country.

NAPHTHA: $797-800/tonne, down $6/tonne
The cargo range was assessed down on softer crude oil prices. There were no trades at today’s open market session. May swaps were assessed at $795-797/tonne.

BENZENE: $1,355-1,380/tonne, down $5/tonne on the buy side
Bids for April edged down slightly, while May gradually firmed. Offers were at $1,390/tonne before a range of $1,385-1,400/tonne was seen.

STYRENE: $1,520-1,540/tonne, down $5-10/tonne
April was offered at $1,540/tonne but there were no firm bids, with attention primarily focused on the forward month. Offers for May slipped down further to $1,560/tonne.

TOLUENE: $1,120-1,140/tonne, steady
The ongoing slump in oil and energy futures continues to weigh down on the market amid slow demand and limited export potential. The spot range was assessed steady.

MTBE: $1,040-1,060/tonne, up $10-14/tonne
The assessed range edged up on higher bids and offers heard during the open market window. EuroBob gasoline traded at $937/tonne FOB ARA.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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