EVENING SNAPSHOT Europe Markets Summary

26 June 2013 17:20  [Source: ICIS news]

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

CRUDE: August WTI: $94.35/bbl, down 97 cents/bbl. August BRENT: $100.60/bbl, down 66 cents/bbl
Crude futures weakened, pressured by an unexpected rise in US gasoline stocks last week.

NAPHTHA: $817-819/tonne, down $6/tonne
The cargo range edged down. There was one trade in the open market platform. July swaps were assessed at $817-819/tonne.

BENZENE: $1260-1,285/tonne, up $5-10/tonne
European benzene spot bids and offers rebounded slightly, although the market remained quiet. There was talk of a deal done at $1,275/tonne, but this could not be confirmed. Bids and offers for August were narrower at 1270-1280/tonne.

STYRENE: $1,650-1,700/tonne, stable
European styrene spot prices for July remained range-bound, amid a quiet market. August offers rose to $1,665/tonne, and bids were as low as $1,625/tonne.

TOLUENE: $1,030-1,070/tonne, down $50/tonne
July offer levels fell to $1,070/tonne because of weak demand. The market was quiet, with no buying interest, and bid levels were notional.

MTBE: $1,075/tonne, down $3-8/tonne
MTBE traded once at $1,075/tonne FOB AR in today’s open market session. EuroBob gasoline traded at $920-931/tonne FOB ARA.

For more pricing intelligence visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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