EVENING SNAPSHOT Europe Markets Summary

26 September 2013 17:25  [Source: ICIS news]

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

CRUDE: November WTI: $102.94/bbl, up 28 cents/bbl. November BRENT: $108.93/bbl, up 61 cents/bbl
Crude oil futures remained in positive territory, finding support from US employment data showing initial jobless claims data fell to almost six-year lows, indicating an improving US economy.

NAPHTHA: $903-904/tonne, up $4/tonne
The cargo range was assessed up from earlier. There were no trades in the open market platform today. October swaps were assessed at $901-902/tonne.

BENZENE: $1,245-1,255/tonne, steady
October spot price ideas were unchanged. November and December benzene was offered at $1,255/tonne, but there were no corresponding bids.

STYRENE: $1,700-1,730/tonne, down $10/tonne
Price sentiment in the European spot styrene market remained weak, with any October styrene valued lower. A trader said it bought November styrene from another trader at $1,675/tonne.

TOLUENE: $1,125-1,150/tonne, down $5/tonne
European spot toluene prices have eased on a notional basis, following mild losses in the Asian and US market.

MTBE: $1,100/tonne, stable
Prices were assessed stable, with no trades heard taking place during the open window session.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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