NOON SNAPSHOT – Europe Markets Summary

09 May 2013 12:00  [Source: ICIS news]

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

CRUDE: June WTI: $96.12/bbl down 50 cents/bbl. June BRENT: $103.72/bbl, down 62 cents/bbl
Futures prices were pressured during early morning trade after official data showed that consumer prices in China rose 2.4% in April from a year earlier, above expectations for a 2.3% increase, dampening hopes that policy makers in Beijing could introduce fresh easing measures to boost economic growth.

NAPHTHA: $835-837/tonne, down $5/tonne. 
The cargo range was assessed down on the basis of a weaker naphtha refining margin.
May swaps were assessed at $835-837/tonne.

BENZENE:  $1,360-1,380/tonne, up $5-10/tonne
Bids for May were up, supported by gains in both Asia and the US. June was valued at $1,350-1,370/tonne.

STYRENE: $1,600-1,620/tonne, up $5-10/tonne
May bids were at $1,600/tonne in a thin market, with no corresponding offers so far.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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