EVENING SNAPSHOT Europe Markets Summary

16 September 2013 17:55  [Source: ICIS news]

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

CRUDE: October WTI: $107.03/bbl, down $1.18/bbl. October BRENT: $110.04/bbl, down $1.66/bbl
Crude futures remained in negative territory late on Monday pressured by a deal between the US and Russia to remove Syria’s chemical weapons, averting the possibility of a US military attack on Syria and any disruption to Middle East oil supply.

NAPHTHA: $933-940/tonne, up $2-7/tonne
The cargo range traded up from earlier in the day. There were two trades in the open market platform today. October swaps were assessed at $927-928/tonne.

BENZENE: $1,285-1,305/tonne, stable
The market was quiet. A deal for September was reported at $1,295/tonne. October was in contango at $1,290-1,310/tonne.

STYRENE: $1,780-1,830/tonne, down $5-20/tonne
The market was quiet and prices were assessed down slightly to reflect this.

TOLUENE: $1,140-1,155/tonne, steady
European spot numbers remain firm, buoyed by positive sentiment in both Asia and the US for the upcoming weeks.

MTBE: $1,090-1,125/tonne, down $45-79/tonne
Spot activity was thin in open market MTBE trading, with little buy or sell interest seen. While no firm prices were discussed, MTBE was notionally valued lower following steep losses in the value of crude oil.

For more pricing intelligence please visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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