EVENING SNAPSHOT Europe Markets Summary

29 November 2013 17:39  [Source: ICIS news]

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

CRUDE: January WTI: $93.66/bbl, up $1.36/bbl. January BRENT: $110.92/bbl, up 6 cents/bbl
NYMEX light-sweet crude oil futures gained while Brent remained rangebound around the previous closing levels. The NYMEX found support from stronger US stock indices which in turn were supported by the Black Friday sales.

NAPHTHA: $957-959/tonne, up $2/tonne on the low end, up $4/tonne at the high end. 
The cargo range was assessed up. There were no trades in the open market platform. December swaps were assessed at $947-948/tonne.

BENZENE: $1,330-1,345/tonne, up $5-10/tonne
December edged up further this afternoon, and the first half of the month was valued at $1,335-1,355/tonne. January was valued at $1,325-1,345/tonne.

STYRENE: $1,620-1,650/tonne, steady
There was limited spot activity throughout the day. Bids for January moved up to $1,640/tonne and the range closed at $1,640-1,660/tonne.

TOLUENE: $1,120-1,150/tonne, steady
Firmer aromatics sentiment in Europe, continued gains in the US and Asian markets and healthy buying interest amid balanced availability are all supporting higher toluene spot numbers this week.

MTBE: $1,036/tonne, steady
Prices have been assessed stable, with only lower bids during the open window session.

For more pricing intelligence please visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214



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