EVENING SNAPSHOT - Americas Markets Summary

30 April 2013 23:00  [Source: ICIS news]

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

CRUDE: Jun WTI: 93.46/bbl, down by $1.04/bbl; Jun Brent: $102.37/bbl, down by $1.44/bbl
NYMEX light sweet crude (WTI) fell by over $1/bbl on Tuesday as Monday’s rally was seen as a profit-taking opportunity. Stronger consumer confidence, a rise in home prices and weaker dollar helped temper the sell-off.

RBOB: May: $2.8010/gal, down 2.65 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled lower as it tracked weakness in the overall energy complex and as the May RBOB contract expired at the end of Tuesday’s session.

NATURAL GAS: June: $4.343/MMBtu, down 4.9 cents
The front month contract on the NYMEX natural gas market slipped for the first time in three sessions, finishing a session marked by profit taking, down just over 1% as traders looked to cash in on Monday’s 4% price increase. 

ETHANE: higher at 30.25 cents/gal
Ethane spot prices decoupled from other energy commodities on Tuesday, rising slightly on steady demand.

AROMATICS: mixed xylenes flat at $4.00-4.07/gal, toluene flat at $3.98-4.10/gal
There was no change for US mixed xylenes (MX) and n-grade toluene spot prices during the day. Market discussions were thin with no fresh trades heard.

OLEFINS: ethylene wider at 54-59 cents/lb; PGP wider at 56-59 cents/lb
April ethylene bid/offer levels were at 54-59 cents/lb during the day, sources said. The bid/offer range was wider from 55-58 cents/lb DEL (delivered) the previous day. Meanwhile, April/May polymer-grade propylene (PGP) bid/offers were at 56-59 cents/lb, a wider range from 58.00-59.25 cents/lb the previous session.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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