Feedstock, Olefins and Aromatics
EVENING SNAPSHOT - Americas Markets Summary
ICIS News : 1-Feb-13 22:55
HOUSTON (ICIS)--Here is Friday’s end of day Americas oil and chemical market summary from ICIS.
CRUDE: Mar WTI: $97.77/bbl, up $0.28; Mar Brent: $116.76/bbl, up $1.21
NYMEX WTI crude futures rose on improvement in the US jobs market and gains in the US manufacturing sector. Brent crude also rallied on renewed Mideast tensions after a suicide bombing attack on the US embassy in Turkey.
RBOB: Mar: $3.0536/gal, up 2.19 cents/gal
Reformulated blendstock for oxygen blending (RBOB) gasoline futures prices settled higher as the March contract began to trade as the prompt month, which brought more buyers into the market.
NATURAL GAS: Mar: $3.301/MMBtu, down 3.8 cents
NYMEX natural gas futures ended the week down over 1% from start of Friday trade as the warmer weather outlook, which is predicted to bring above-average temperatures to much of the country for the next fortnight, lowers near-term demand expectations.
ETHANE: stable at 26.00 cents/gal
Ethane prices were mostly stable in a quiet market as crude and other energy commodities were up slightly.
AROMATICS: toluene up at $4.29-4.30/gal
Prompt n-grade toluene traded at $4.30/gal FOB (free on board) during the day, sources said. The deal was up from $4.25-4.27/gal FOB the previous session.
OLEFINS: ethylene flat at 64 cents/lb, PGP down at 75.50 cents/lb
US ethylene for February traded on the low end of deals done at 64-65 cents/lb on Thursday. Polymer-grade propylene (PGP) for February traded down from a deal at 76 cents/lb on Wednesday.
For more pricing intelligence please visit www.icispricing.com
By Staff Reporter
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