EVENING SNAPSHOT Europe Markets Summary

20 September 2013 17:35  [Source: ICIS news]

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

CRUDE: October WTI: $105.28/bbl, down $1.11/bbl. November BRENT: $108.80/bbl, up 4 cents/bbl
Brent crude oil futures remained in positive territory, supported by the Federal Reserve’s decision to maintain its monetary easing programme. The front-month October NYMEX WTI contract was trading in negative territory amid thin trade due to the expiration of the contract at the settlement.

NAPHTHA: $911-913/tonne, down $10/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 $909-911/tonne.

BENZENE: $1,265-1,275/tonne, bids up $5/tonne
The European spot benzene price range for September narrowed, but still no public deals were confirmed. October was in contango by $10/tonne.

STYRENE: $1,755-1,775/tonne, steady
There was little mention of any September prices in afternoon trading. Sources could only suggest a notional range. October styrene was valued at $1,750-1,765/tonne.

TOLUENE: $1,155-1,165/tonne, steady
The toluene spot range was steady, despite fluctuations in crude.

MTBE: $1,113/tonne, up by $2/tonne on the buy side
Prices were more or less stable, with a trade taking place at the sell side of Thursday’s range. Eurobob gasoline traded at $975-979/tonne, putting the MTBE factor against gasoline cash barges at 1.14.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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