EVENING SNAPSHOT - Americas Markets Summary

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

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

CRUDE: Dec WTI: $93.04/bbl, down $2.10/bbl; Dec Brent: $105.81/bbl, down 59 cents
NYMEX crude oil futures declined by over $2/bbl amid speculation that the US Federal Reserve may ease its stimulus programme. Expectations of higher supplies also added downward pressure.

RBOB: Nov $2.5864/gal, down 1.01 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower after stronger morning trades. A drop in WTI crude futures weakened RBOB prices.

NATURAL GAS: Dec: $3.617/MMBtu, up 4.3 cents
Natural gas futures closed up over 1%, settling above the $3.60/MMBtu mark for the first time in nine sessions on strengthening sentiment related to lower temperatures and expectations for strong near-term heating demand.

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

AROMATICS: toluene tighter at $3.70-3.80/gal, mixed xylenes down at $3.83-3.90/gal
Prompt toluene spot prices were discussed at $3.70-3.80/gal FOB (free on board) during the day, sources said. The range was tighter compared with $3.65-3.80/gal FOB the previous session, as bids firmed. Meanwhile, mixed xylenes (MX) spot prices came down to $3.83-3.90/gal FOB from $3.85-4.00/gal FOB the previous day.

OLEFINS: ethylene offered higher at 53 cents/lb, RGP bid lower at 53.75 cents/lb
US November ethylene offer levels rose to 53.00 cents/lb, compared with 52.75 cents/lb at the close of the previous day, as the market’s rally continued. US refinery-grade propylene (RGP) bid levels fell to 53.75 cents/lb from 55.25 cents/lb on aggressive selling.

For more pricing intelligence please visit www.icispricing.com


By: Staff Reporter
+44 20 8652 3214



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