EVENING SNAPSHOT - Americas Markets Summary

01 November 2013 22:00  [Source: ICIS news]

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

CRUDE: Dec WTI: $94.61/bbl, down $1.77; Dec Brent: $105.91/bbl, down $2.93
NYMEX WTI crude futures finished down for the fourth consecutive session, tracking a strong dollar, which benefited from released data showing an expansion in US manufacturing. A strong currency makes dollar-denominated commodities cheaper. WTI has been experiencing length liquidation in response to rising US crude supplies, mainly at the NYMEX delivery hub in Cushing, Oklahoma, and a glut developing in the US Gulf Coast refining region.

RBOB: Dec: $2.5454/gal, down 4.16 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower as the December contract took over the prompt futures spot and as crude futures weakened.

NATURAL GAS: Dec: 3.513/MMBtu, down 6.8 cents
The front month on the NYMEX natural gas futures market closed the week down once more, sliding 2% on the bearish near-term demand outlook implied by above-average temperatures and returning nuclear power capacity.

ETHANE: lower at 24.75 cents/gal
Ethane spot prices were lower, tracking weak natural gas futures.

AROMATICS: mixed xylene flat at $3.75-3.90, toluene flat at $3.55-3.75/gal
Activity was thin in the US mixed xylene (MX) and toluene markets during the day. As a result, spot prices were flat from the previous session.

OLEFINS: Nov ethylene wider at 47.75-51.00 cents/lb, Nov PGP wider at 63.00-64.75 cents/lb
November ethylene took over as the front month on Friday and moved to 47.75-51.00 cents/lb based on bids and offers, wider than the previous day at 49.00-50.50 cents/lb. November polymer-grade propylene (PGP) bid/offer levels were heard at 63.00-64.75 cents/lb, wider than the previous reported trade at 64.00 cents/lb.

For more pricing intelligence please visit www.icispricing.com


By: Staff Reporter
+44 20 8652 3214



AddThis Social Bookmark Button

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.

Printer Friendly