EVENING SNAPSHOT - Americas Markets Summary

04 September 2013 23:00  [Source: ICIS news]

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

CRUDE: Oct WTI: $107.23/bbl, down $1.31; Oct Brent: $114.91/bbl, down 77 cents
NYMEX WTI crude futures finished down on sentiment that prospects for an immediate military attack on Syria are fading while waiting for Congressional approval. The sell-off on crude and various commodities overshadowed a healthy rally in the stock market in response to upbeat economic data that suggested the economy is expanding.

RBOB: Oct $2.8643/gal, down $0.0003/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures were little changed as crude futures fell and refiners prepared to switch production to the transitional summer-to-winter grades.

NATURAL GAS: Oct: $3.683/MMBtu, up 1.7 cents
The front month contract on the NYMEX natural gas futures market closed the day up slightly from the previous day’s close, reaching a fresh six-week high on the back of ongoing optimism over demand related to the spell of above-normal temperatures currently in play across much of the US.

ETHANE: steady at 26.25 cents/gal
Ethane spot prices were unmoved, as deals remained at the same levels as the previous day.

AROMATICS: toluene flat at $4.05-4.20/gal, mixed xylene flat at $4.32-4.38/gal
Activity was thin in the US toluene and mixed xylene (MX) markets during the day. As a result, spot prices were flat from the previous session.

OLEFINS: ethylene done lower at 52.5-53.0 cents/lb, RGP wider at 59.25-61.50 cents/lb
US September ethylene traded at 52.5 and 53.0 cents/lb, lower than the previous day’s reported deal of 55.0 cents/lb. US September refinery-grade propylene (RGP) bid/offer levels moved wider to 59.25-61.50 cents/lb on Wednesday compared with the previous reported deal at 60 cents/lb.

For more pricing intelligence please visit www.icispricing.com


By: Staff Reporter
+44 20 8652 3214



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