EVENING SNAPSHOT Europe Markets Summary

04 November 2013 17:25  [Source: ICIS news]

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

CRUDE: December WTI: $94.64/bbl, up 3 cents/bbl. December BRENT: $105.85/bbl, down 6 cents/bbl
Crude futures steadied during the afternoon and both contracts were just cents away from their previous settlements. The price spread between December and January Brent briefly switched from backwardation to a contango in the afternoon but prices reverted shortly afterwards.

NAPHTHA: $910-912/tonne, up $14-$15/tonne
The cargo range traded up and there were three trades in the open market platform.
December swaps were assessed at $889-891/tonne.

BENZENE: $1,155-1,165/tonne, down $10/tonne on the sell side
November traded several times at $1,160/tonne and the high end of the range closed lower to reflect this.

STYRENE: $1,630-1,650/tonne, up $20/tonne on the buy side
A spot deal for November was done this afternoon and the range moved up at the low end in an otherwise quiet market.

TOLUENE: $1,000-1,050/tonne, steady
The spot market was quiet and the bid/offer range was unchanged so far. November contracts have been confirmed at $1,020-1,025/tonne FOB NWE, down $92.50-95.00/tonne from the previous month.

MTBE: $1,015/tonne, down $20/tonne

Prices have been assessed down, with a lower offer heard during the open market session. No trades took place.

For more pricing intelligence please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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