EVENING SNAPSHOT – Europe Markets Summary

26 April 2013 17:12  [Source: ICIS news]

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

CRUDE: June WTI: $93.19/bbl, down 45 cents/bbl. June BRENT: $103.30/bbl, down 11 cents/bbl
Crude oil futures climbed but remained in negative territory as the US released its first quarter GDP data which showed 2.50% growth, lower than expectations.

NAPHTHA: $812-814/tonne, up $1/tonne
The cargo range was assessed up on higher crude oil prices. There were no trades at Friday's open market session.
May swaps were assessed at $812-813/tonne.

BENZENE: $1,370-1,380/tonne, down $10-25/tonne
May edged back down in a quiet market, having earlier traded at $1,380/tonne.

STYRENE: $1,550-1,570/tonne, up $10/tonne
May moved back up amid a firmer outlook on demand for the upcoming month. June was valued higher at $1,555-1,575/tonne.

TOLUENE: $1,120-1,170/tonne, up $30/tonne on the sell side
Offers were higher this week as upstream numbers recovered, although buyers remain unwilling to follow. The arbitrage window from Europe into the US remains closed at these levels, effectively keeping demand for spot parcels limited.

MTBE: $1,057/tonne, steady
No deals were seen in the open market session, the range has been assessed steady as a result. EuroBob gasoline traded at $946/tonne FOB ARA.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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