EVENING SNAPSHOT - Americas Markets Summary

13 May 2013 23:00  [Source: ICIS news]

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

CRUDE: Jun WTI: $95.17/bbl, down 87 cents; Jun Brent: $102.82/bbl, down $1.09
NYMEX WTI crude futures finished down for the third consecutive session in response to released data showing a decline in oil demand in China, while a report showing a rise in US retails sales gave the dollar a boost.

RBOB: Jun $2.8210/gal, down 3.93 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures extended last week’s declines on a softer outside market tone and a drop in crude oil futures trading.

NATURAL GAS: June: $3.925/MMBtu, up 1.5 cents
The June contract on the NYMEX natural gas futures closed the first trading day of the week up slightly from last week's close, as a slight surge in the number of nuclear power generators off line allowed traders to claim back some of the heavy losses incurred last week.

ETHANE: lower at 27.75 cents/gal
Ethane spot prices fell slightly. Supply and demand fundamentals remain stable as no major cracker outages have been reported lately.

AROMATICS: toluene tighter at $4.04-4.10/gal, mixed xylenes wider at $4.15-4.22/gal
Prompt May n-grade toluene spot prices were discussed within a more narrow range to start the week. There were no fresh trades, but the toluene range was tighter from $4.02-4.15/gal FOB (free on board) the previous session. Meanwhile, prompt mixed xylenes (MX) spot prices were discussed within a wider range from $4.16-4.17/gal FOB the previous session.

OLEFINS: ethylene done higher at 59.25-59.75 cents/lb; PGP bid higher at 59.5 cents/lb
US May ethylene was traded higher with several deals between 59.25 and 59.75 cents/lb, compared with deals done the previous Friday between 58.25 and 58.50 cents/lb. Bids for May polymer-grade propylene (PGP) were higher at 59.5 cents/lb, compared with 59.0 cents/lb the previous Friday.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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