EVENING SNAPSHOT - Americas Markets Summary

12 July 2013 23:00  [Source: ICIS news]

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

CRUDE: Aug WTI: $105.95/bbl, up $1.04; Aug Brent: $108.81/bbl, up $1.08
NYMEX WTI crude futures closed out the week on a strong note, tracking a rally in gasoline futures in response to various refinery glitches.

RBOB: Aug $3.1175/gal, up 9.61 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures spiked on news of several refinery outages, causing concern about regional supplies as the busier summer driving season is underway. The last time RBOB futures were higher was on 18 March at $3.1289/gal.

NATURAL GAS: Aug: $3.644/MMBtu; up 3.1 cents
The August contract on the NYMEX natural gas futures market closed a volatile trading week up just under 1% on the back of an improved near-term demand picture. The contract had been higher earlier on but fell towards the end of the session after the release of the latest US rig numbers, which showed a rise in the number of natural gas drilling units for the third consecutive week.

ETHANE: higher at 24.00 cents/gal
Ethane spot prices were higher, following stronger natural gas futures and news that Chevron Phillips Chemical restarted its Port Arthur cracker in Texas.

AROMATICS: mixed xylenes tighter at $3.93-3.95/gal
Prompt mixed xylenes (MX) traded at $3.94/gal during the day, taking spot prices to $3.93-3.95/gal FOB (free on board), compared with $3.85-4.05/gal FOB the previous session.

OLEFINS: ethylene offered lower at 55 cents/lb, RGP steady 56.75 cents/lb
US July ethylene offer levels fell to 55.0 cents/lb from 56.5 cents/lb seen on Wednesday, after no fresh offers were heard on Thursday. US July refinery-grade propylene (RGP) was steady at 56.75 cents/lb, based on a deal done the previous day.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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