EVENING SNAPSHOT Europe Markets Summary

13 June 2013 17:25  [Source: ICIS news]

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

CRUDE: July WTI: $95.80/bbl, down 8 cents/bbl. July BRENT: $103.75/bbl, up 26 cents/bbl
ICE Brent crude oil futures edged higher as trading sources squared their books ahead of the expiration of the July contract later on Thursday.

NAPHTHA: $848-850/tonne, up $7/tonne
The cargo range traded up. July swaps were assessed at $843-844/tonne.

BENZENE: $1,340-1,355/tonne, up $10/tonne
The market started to move back up on renewed buying interest. July closed at $1,330-1,345/tonne.

STYRENE: $1,680-1,715/tonne, down $20/tonne
June came back down, as buyers edged away from the market amid some temporary bullishness. Trading activity was quiet. July was flat with June.

TOLUENE: $1,080-1,120/tonne, down $20-50/tonne
June spot activity remains subdued. In the absence of any firm bids, it remains difficult to gauge where business might be done this week. Offers were heard by some players just below contract price levels for June while others valued the market closer to $1,100/tonne. Downstream sentiment for the upcoming month is increasingly bearish amid slow demand.

MTBE: $1,095-1,100/tonne, up $18-20/tonne
Prices edged up on firmer gasoline values, with two trades heard during open market trading. EuroBob gasoline traded at $949-963/tonne FOB ARA.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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