EVENING SNAPSHOT - Americas Markets Summary

04 November 2013 23:00  [Source: ICIS news]

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

CRUDE: Dec WTI: $94.62/bbl, up 1 cent; Dec Brent: $106.23/bbl, up 32 cents
NYMEX WTI crude futures finished near unchanged in choppy action and within a narrow high/low range in search of near-term direction following four consecutive down days.

RBOB: Dec: $2.5282/gal, down 1.72 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures for the December prompt contract fell on Monday despite slightly higher crude oil futures.

NATURAL GAS: Dec: $3.445/MMBtu, down 6.8 cents
The front month on the NYMEX natural gas futures market closed the first day of the new trading week down once more at a fresh two-and-a-half-month low, as weather forecasts for mild temperatures across November continue to offer traders little in terms of upwards pricing support.

ETHANE: lower at 24.00 cents/gal
Ethane spot prices were lower on Monday, tracking weak natural gas futures.

AROMATICS: mixed xylenes flat at $3.75-3.90, toluene flat at $3.55-3.75/gal
Activity was thin within the US mixed xylenes (MX) and toluene markets to start the week, sources said. There were no fresh trades, and as a result, spot prices were flat from Friday.

OLEFINS: ethylene higher at 49.125-51.250 cents/lb, RGP wider at 55-58 cents/lb
US November ethylene bid/offer levels increased to 49.125-51.250 cents/lb from 47.750-51.000 cents/lb at the close of the previous week. US refinery-grade propylene (RGP) bid/offer levels widened to 55.0-58.0 cents/lb compared with a trade at 56.5 cents/lb to close the previous week.

For more pricing intelligence please visit www.icispricing.com

By: Staff Reporter
+44 20 8652 3214

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