NOON SNAPSHOT - Americas Markets Summary

20 September 2013 18:00  [Source: ICIS news]

HOUSTON (ICIS)--Here is Friday’s midday Americas oil and chemical market summary from ICIS.

CRUDE: Oct WTI: $105.32/bbl, down $1.07; Nov Brent: $108.87/bbl, up 11 cents
NYMEX WTI crude futures extended the previous session’s losses on length liquidation as the contract goes off the board at the end of the session. A stronger also influenced the selling. WTI bottomed out at $105.25/bbl before rebounding.

RBOB: Oct $2.6817/gal, down 1.55 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures started trading higher but fell midday on a boost in near-term supply coming from the transition from summer- to winter-grade gasoline.

NATURAL GAS Oct $3.684/MMBtu: down 3.6 cents
The October front-month contract on the NYMEX edged lower following forecasts for milder temperatures over coming weeks and the easing threat of tropical storms disrupting US Gulf of Mexico production.

ETHANE: lower at 24.75 cents/gal
Ethane spot prices were slightly lower.

AROMATICS: benzene up at $4.37-4.42/gal
Prompt benzene spot prices were discussed at $4.37-4.42/gal DDP (duty, delivered paid) early in the day, sources said. The range was up from $4.33-4.39/gal FOB (free on board) the previous session.

OLEFINS: ethylene done lower at 51.625 cents/lb, PGP tighter at 65.25-66.25 cents/lb
US September ethylene was done at 51.625 cents/lb on Friday, its lowest trade since December 2012. US September polymer-grade propylene (PGP) bid levels tightened to 65.25-66.25 cents/lb from 64.50-69.00 cents/lb.

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By: Staff Reporter
+44 20 8652 3214

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