EVENING SNAPSHOT Europe Markets Summary

22 November 2013 17:19  [Source: ICIS news]

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

CRUDE: Jan WTI: $94.70/bbl, down 74 cents/bbl. Jan BRENT: $110.30/bbl, up 22 cents/bbl
Gains posted earlier in the day were wiped out as many traders squared their books well ahead of next week’s US Thanksgiving holidays.

NAPHTHA: $962-964/tonne, up $8-9/tonne 
The cargo range traded up from earlier in the day. There was one  trade in the open market platform today. December swaps were assessed at $952-953/tonne.

BENZENE: $1,320-1,350/tonne, up $30/tonne
Some buying interest for prompt material kept November prices firm today, while December was lower at $1,300-1,320/tonne and a deal was done at $1,300/tonne.

STYRENE: $1,590-1,630/tonne, steady
Bids for December moved up to $1,630/tonne amid some renewed buying interest in the market. The range for December later closed at $1,620-1,640/tonne.

TOLUENE: $1,080-1,100/tonne, steady
The low end of the range was assessed higher this week following talk of a spot deal done at $1,090/tonne, pending further confirmation. The European market has grown increasingly bullish following the explosion at Total’s Antwerp site and talk of another producer declaring force majeure on toluene, although this is also yet to have been confirmed.

MTBE: $1,045-1,075/tonne, unchanged
No market activity was seen and prices are assessed unchanged. EuroBob gasoline traded at $953-966/tonne.

For more pricing intelligence please visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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