NOON SNAPSHOT Europe Markets Summary

03 October 2013 12:00  [Source: ICIS news]

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

CRUDE: November WTI: $103.70/bbl, down 40 cents/bbl. November BRENT: $109.16/bbl, down 3 cents/bbl
NYMEX WTI light-sweet crude oil futures were trading in negative territory on Thursday pressured by the on-going partial shutdown of the US government and growing concerns that Democrats and Republicans will not reach a consensus to raise the US debt ceiling.

NAPHTHA: $894-895/tonne, up $4-5/tonne 
The cargo range was assessed up from Wednesday evening on a rise in ICE Brent crude oil futures. November swaps were assessed at $889-890/tonne.

BENZENE: $1,225-1,250/tonne, down $5-20/tonne
Spot price ideas for October came down this morning, notably on the buy side, in line with some minor losses in the US market as well as further downward movement on crude oil futures. November was valued flat with October.

STYRENE: $1,670-1,700/tonne, down $15/tonne
Offers for October were lower at $1,700/tonne this morning, while the second half of the month and November were heard at $1,675/tonne.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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