EVENING SNAPSHOT - Americas Markets Summary

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

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

CRUDE: Sep WTI: $106.11/bbl, up 14 cents; Sep Brent: $108.97/bbl, up 75 cents
NYMEX WTI crude futures posted light gains and the bias remained to the upside, driven by global crude production issues and fear of supply disruptions in various regions.

RBOB: Sep $2.9041/gal, down 0.41 cent/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled slightly lower despite an uptick in crude futures.

NATURAL GAS: Sep: $3.310/MMBtu, up 8.0 cents
The front month on the NYMEX natural gas market closed Monday trading up over 2%, boosted by predictions for above-average temperatures across high consumption regions towards the end of the month.

ETHANE: higher at 24.38 cents/gal
Ethane spot prices were higher, following a spike in natural gas futures.

AROMATICS: toluene flat at $3.75-3.85/gal, mixed xylenes flat at $4.03-4.10/gal
US aromatics activity was thin during the day. There were no fresh trades heard, and price discussions were mostly quiet. As a result, August n-grade toluene and mixed xylenes (MX) prices were flat from Friday.

OLEFINS: ethylene offered lower at 55.75 cents/lb, PGP done higher at 68 cents/lb
US August ethylene offer levels fell slightly to 55.75 cents/lb from 56.00 cents/lb seen to close the previous week. There were no fresh bids. US August polymer-grade propylene (PGP) traded higher at 68 cents/lb compared with the previous reported trade at 67 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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