EVENING SNAPSHOT - Americas Markets Summary

01 October 2013 23:00  [Source: ICIS news]

HOUSTON (ICIS)--Here is Tuesday’s end of day Americas oil and chemical market summary from ICIS.

CRUDE: Nov WTI: $102.04/bbl, down 29 cents; Nov Brent: $107.94/bbl, down 43 cents
NYMEX WTI crude futures finished down for the third consecutive session, although well off intra-day lows, on sentiment that a government shutdown will impact consumer confidence and hurt economic growth. Weaker-than-expected manufacturing growth in China also pressured various commodities.

RBOB: Nov $2.6106/gal, down 1.76 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures gained back some of its losses from this morning, but outside market sentiment over the US government closure kept futures suppressed.

NATURAL GAS: Nov: $3.609/MMBtu, up 4.9 cents
The front month contract on the NYMEX natural gas futures market closed on Tuesday, trading above the level at which it began the week,  as strong market activity caused by climbing temperatures restored bullish sentiment among traders.

ETHANE: higher at 25.63 cents/gal
Ethane spot prices were higher, tracking stronger natural gas futures.

AROMATICS: toluene wider at $3.50-3.80/gal, mixed xylenes trade at $4.05/gal
US toluene spot prices were discussed at $3.50-3.80/gal FOB (free on board) on Tuesday, sources said. The range was wider compared with $3.60-3.80/gal FOB the previous session as bids came down. Meanwhile, prompt mixed xylenes traded at $4.05/gal during the day, sources said. The range was within the previous day’s range of $3.95-4.10/gal FOB. 

OLEFINS: Oct ethylene done lower at 47.5 cents/lb, Oct PGP done lower at 65 cents/b
US October ethylene traded at 47.5 cents/lb on Tuesday, falling below the 50.0 cent/lb barrier for the first time in more than a year. US October polymer-grade propylene (PGP) traded twice at 65 cents/lb, lower than the previous deal for September material at 66 cents/lb.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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