EVENING SNAPSHOT - Americas Markets Summary

20 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: $96.71/bbl, up 69 cents; Jul Brent: $104.80/bbl, up 16 cents
NYMEX WTI crude futures worked higher for the fourth consecutive session following a weakening dollar. The June WTI contract will go off the board on Wednesday.

RBOB: Jun $2.9056/gal, down 0.13 cent/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled slightly lower despite a gain in crude futures. RBOB futures traded in positive territory through most of the morning before weakening.

NATURAL GAS: Jun $4.090/MMBtu, up 3.5 cents
The June contract on the NYMEX natural gas futures market closed the first trading day of the week up under 1%, retreating through the afternoon from the large gains posted in the morning based on bullish sentiment over near-term demand.

ETHANE: higher at 28.50 cents/gal
Ethane spot prices were higher as demand inched up on the possibility of downed crackers coming back on line.

AROMATICS: benzene wider at $4.40-4.48/gal
Prompt benzene spot prices were discussed within a wider range during the day, sources said. The range was further apart from $4.43-4.48/gal FOB (free on board) the previous session. Bids were down as offers held steady.

OLEFINS: ethylene done higher at 58.25 cents/lb, RGP bid higher at 51 cents/lb
US May ethylene was done higher on Monday at 58.25 cents/lb, compared with the previous reported deal at 58.00 cents/lb done last week. Bids for May refinery-grade propylene (RGP) moved higher to 51.0 cents/lb from 49.5 cents/lb at the close of the previous week.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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