Corrected: EVENING SNAPSHOT - Americas Markets Summary

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

Correction: In the ICIS EVENING SNAPSHOT - Americas Markets Summary dated 19 November 2013, for crude, please read ... Dec WTI: $93.34/bbl, up 31 cents ... instead of ... Dec WTI: $93.54/bbl, up 31 cents .... A corrected version follows.

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

CRUDE: Dec WTI: $93.34/bbl, up 31 cents; Jan Brent: $106.92/bbl, down $1.55/bbl
NYMEX WTI crude futures were mixed in search of near-term direction and ahead of the December contract going off the board on Wednesday. Brent and WTI fell out of step, narrowing the negative trans-Atlantic Brent-WTI arbitrage.

RBOB: Dec: $2.6395/gal, down 1.73 cents
Reformulated blendstock for oxygen blending (RBOB) gasoline futures settled lower on Tuesday despite some build-up during morning trading on support from Europe and a higher WTI crude futures settlement.

NATURAL GAS: Dec: $3.556/MMBtu, down 6.1 cents
The December front month closed down for a second session in a row in a day marked by lower-than-average trading volumes. Traders focused on slack near-term demand due to above-average temperatures and returning nuclear power plants, rather than the forecasts for below-average temperatures from the weekend onward, which are expected to encourage strong heating demand over late November.

ETHANE: steady at 25.00 cents/gal
Ethane spot prices were steady as demand from ethylene plants remains stable.

AROMATICS: mixed xylenes up at $3.92-4.15/gal
Prompt mixed xylenes (MX) spot prices were discussed at $3.92-4.15/gal FOB (free on board) on Tuesday, sources said. The range was up from $3.85-3.95/gal FOB the previous session.

OLEFINS: ethylene offered higher at 57.5 cents/lb, RGP steady at 54.75 cents/lb
US November ethylene offer levels moved up to 57.5 cents/lb from 56.5 cents/lb at the close of the previous day against no fresh bids. US November refinery-grade propylene (RGP) was steady at 54.75 cents/lb, based on the most recent reported trade done a day ago.

For more pricing intelligence please visit www.icispricing.com


By: Staff Reporter
+44 20 8652 3214



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