EVENING SNAPSHOT Europe Markets Summary

19 September 2013 17:34  [Source: ICIS news]

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

CRUDE: October WTI: $107.81/bbl, down 26 cents/bbl. November BRENT: $109.96/bbl, down 64 cents/bbl
Crude futures weakened on Thursday after the newly-elected Iranian president told US broadcaster NBC that Iran will never develop any nuclear weapons.

NAPHTHA: $928-930/tonne, down $4/tonne
The cargo range traded down from earlier in the day. There was one trade in the open market platform today.
October swaps were assessed at $921-923/tonne.

BENZENE: $1,265-1,275/tonne, down $5-10/tonne
Softer crude numbers and lack of buying interest pushed September values a touch lower in afternoon trading. October benzene also decreased. No public deals were recorded. 

STYRENE: $1,770-1,795/tonne, up $10-20/tonne
The September styrene range widened and little buying interest was seen. Attention turned to October and a trade was confirmed at $1,787/tonne. October was later pegged at $1,740-1,770/tonne.

TOLUENE: $1,155-1,165/tonne, up $15-35/tonne
Activity was limited, with very few bids or offers seen in the market.

MTBE: $1,111-1,113/tonne, unchanged.
No MTBE deals took place, and prices were assessed stable based on bids and offers. Eurobob gasoline traded at $975/tonne.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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