EVENING SNAPSHOT Europe Markets Summary

06 September 2013 17:16  [Source: ICIS news]

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

CRUDE: October WTI: $110.00/bbl, up $1.63/bbl. October BRENT: $116.06/bbl, up 80 cents/bbl
Crude futures extended gains late on Friday after the US Department of Labor published a report showing the US added 169,000 new jobs in August, lower than most forecasts and likely to prevent the US Federal Reserve from tapering its monetary easing programme until the end of the year.

NAPHTHA: $965-967/tonne, up $10/tonne
The cargo range traded up from earlier in the day. There was one trade in the open market platform today. October swaps were assessed at $955-957/tonne.

BENZENE: $1,310-1,325/tonne, steady
The market was quiet this afternoon and the ranges for both months were unchanged.

STYRENE: $1,870-1,890/tonne, narrowing
Bids for September moved back up to $1,870/tonne this afternoon and the range narrowed before a deal was done at $1,882.50/tonne.

TOLUENE: $1,130-1,150/tonne, steady
The September spot range remains firm on continued bullishness in the US. While traders have been actively looking to ship material from Europe to the region, export opportunities have been tempered by balanced availability outside of contractual volumes.

MTBE: $1,192/tonne, steady
Prices remain at yesterday’s level, with no trades, bids or offers again heard during the open window session. Eurobob gasoline traded at $1,014-1,019/tonne FOB AR.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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