EVENING SNAPSHOT - Americas Markets Summary

01 August 2013 23:00  [Source: ICIS news]

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

CRUDE: Sep WTI: $107.89/bbl, up $2.86; Sep Brent: $109.54/bbl, up $1.84
NYMEX WTI crude futures rose sharply for the second consecutive session, tracking a rally in the stock market in response to upbeat economic data from China, the eurozone and the US.

RBOB: Sep $3.0284/gal, up 3.21 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled higher as trading switched to the September contract as the prompt month, which had been trading much lower than the August contract.

NATURAL GAS: Sept: $3.387/MMBtu, down 5.9 cents
The front month on the NYMEX natural gas market returned to negative territory, posting a 1.7% loss to finish at its lowest level since late February. The Energy Information Administration’s (EIA) latest weekly gas storage reported rising inventory levels.

ETHANE: higher at 25.38 cents/gal
Ethane spot prices were higher, tracking a stronger energy complex.

AROMATICS: toluene up at $3.85-3.95/gal, mixed xylenes tighter at $4.00-4.05/gal
Prompt n-grade toluene spot prices were discussed at $3.85-3.95/gal FOB (free on board) on Thursday, sources said. The range was up slightly from $3.82-3.93/gal FOB the previous day. Prompt mixed xylenes (MX) spot prices were discussed at $4.00-4.05/gal FOB during the day, as bids firmed and offers held steady. The range was tighter from $3.93-4.05/gal FOB the previous session.

OLEFINS: ethylene flat at 53.124-53.250 cents/lb, PGP flat at 65.75 cents/lb
US August ethylene bid/offer levels remained flat at 53.125-53.250 cents/lb. US August polymer-grade propylene (PGP) bid/offer levels remained flat at 65.75 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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