09 October 2013 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Here is Thursday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Nov WTI: $101.61/bbl, down $1.88; Nov Brent: $109.06/bbl, down $1.10
NYMEX WTI crude futures fell sharply in response to the weekly supply statistics from the Energy Information Administration showing the largest weekly build in crude inventories since September 2012. The market also fell in response to a stronger US dollar.
RBOB: Nov $2.6230/gal, down 0.76 cent/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower after Wednesday’s EIA report showed a build in gasoline inventories last week.
NATURAL GAS: Nov $3.679/MMBtu: down 3.7 cents
The front month on the NYMEX natural gas futures market closed the day down for the first time in three sessions, sinking on expectations of slowing near-term demand as weather forecasts turn cooler and concerns over above normal inventory levels continuing for the rest of the year.
ETHANE: lower at 25.00 cents/gal
Ethane spot prices retreated as natural gas futures fell.
AROMATICS: toluene up at $3.50-3.70/gal, mixed xylenes down at $4.05-4.10/gal
Prompt toluene spot prices were discussed at $3.50-3.70/gal during the day, sources said. The range was up slightly from $3.45-3.68/gal FOB (free on board) the previous session. Meanwhile, prompt mixed xylenes (MX) spot prices were discussed at $4.05-4.10/gal FOB, down from $4.07-4.12/gal FOB the previous day.
OLEFINS: ethylene steady at 44 cents/lb, PGP steady at 63.25 cents/lb
US October ethylene was steady at 44 cents/lb on Wednesday, based on the two most recent reported trades. US October polymer-grade propylene (PGP) was steady at 63.25 cents/lb, based on the most recent reported trade.
For more pricing intelligence please visit www.icispricing.com
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections