EVENING SNAPSHOT - Americas Markets Summary

05 August 2013 23:08  [Source: ICIS news]

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

CRUDE: Sep WTI: $106.56/bbl, down 38 cents; Sep Brent: $108.70/bbl, down 25 cents
NYMEX WTI crude futures retreated in thin volume and choppy action in response to reports that crude production had been restored in various producing countries and to economic data showing eurozone retails sales down. The stock market also drifted lower.

RBOB: Sep $2.9506/gal, down 4.41 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower on concerns of US gasoline demand and weakness in crude futures.

NATURAL GAS: Sept: $3.319/MMBtu, down 2.8 cents
Natural gas futures on the NYMEX closed lower as near-capacity storage inventories outweighed any demand potential. Cooler temperatures predicted for much of the US have tampered down any expectations for price increases in the near term.

ETHANE: steady at 25.00 cents/gal
Ethane spot prices were steady as activity was thin on Monday.

AROMATICS: mixed xylene wider at $4.00-4.10/gal, toluene down at $3.79-3.81/gal
Prompt mixed xylene (MX) spot prices were discussed within a slightly wider range during the day. The range was further apart from $4.01-4.09/gal FOB (free on board). Meanwhile, prompt n-grade toluene spot prices were discussed on either side of $3.80/gal FOB. The range was on the lower end of Friday’s band of $3.80-3.90/gal FOB.

OLEFINS: ethylene lower at 53.00 cents/lb, PGP flat at 65.75 cents/lb
US August ethylene traded lower at 53.00 cents/lb. US August polymer-grade propylene (PGP) was 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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