EVENING SNAPSHOT – Europe Markets Summary

07 May 2013 18:02  [Source: ICIS news]

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

CRUDE: June WTI: $95.51/bbl, down 65 cents/bbl. June BRENT: $105.13/bbl, down 33 cents/bbl
Crude oil futures remained in negative territory pressured by expectations that US crude oil stocks increased last week on the back of rising imports.

NAPHTHA: $836-838/tonne, up $8/tonne. 
The cargo range edged up from earlier in the day. There was one trade in today’s open market session.
May swaps were assessed at $835-837/tonne.

BENZENE: $1,340-1,350/tonne, down $15-20/tonne
Offers for May went as high as $1,375/tonne before the market lost further ground. June was valued at $1,330-1,350/tonne.

STYRENE: $1,590-1,610/tonne, offer down $5/tonne
May offers edged down slightly this afternoon in a quiet market. June was flat with May.

TOLUENE: $1,150-1,170/tonne, steady
The spot market was quiet and void of any firm bids or offers, the range remains steady.

MTBE: $1,040/tonne, steady
There were no trades during the open market session, only an offer $50/tonne higher than the previous trade. The range has been assessed steady as a result.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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