EVENING SNAPSHOT – Europe Markets Summary

20 May 2013 17:01  [Source: ICIS news]

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

CRUDE: June WTI: $96.86/bbl, up 84 cents/bbl. July BRENT: $104.96/bbl, up 32 cents/bbl
Crude oil futures reversed losses to trade in positive territory following firmer stock markets in Europe.

NAPHTHA: $859-861/tonne, up $8-10/tonne
Cargo prices increased with two afternoon deals in the range above. June swaps were assessed at $853-854/tonne.

BENZENE: $1,355-1,390/tonne, steady
The market remained quiet as players kept to the sidelines amid public holidays across the continent today.

STYRENE: $1,685-1,705/tonne, down $5/tonne
The bid/offer range for May edged down this afternoon in a quiet market owing to public holidays across most of Europe today.

TOLUENE: $1,140-1,185/tonne, steady
The spot market was quiet and the range was steady amid expectations across the wider aromatics sector that demand will see an upturn ahead of the summer as key end-use markets such as construction and food packaging enter a seasonally strong period.

MTBE: $1,108/tonne, steady
No activity was heard in the open market, the price has been assessed steady as a result. EuroBob gasoline traded at $976-978/tonne FOB ARA.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
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