NOON SNAPSHOT - Americas Markets Summary

Source: ICIS News

2018/08/10

HOUSTON (ICIS)--Americas noon snapshot Friday 10 August 2018.

Product Latest Previous Change
Brent October 72.88 72.07 0.81
WTI September 67.62 66.81 0.81
Gasoline - RBOB September 2.0425 1.9999 0.0426
Natural Gas September 2.931 2.955 -0.024
Ethane 38.500 38.375 0.125
Propane 97.000 96.625 0.375
Benzene 2.940 2.940 0.000
Toluene 2.690 2.690 0.000
Mixed xylenes 2.750 2.750 0.000
Ethylene 15.500 15.375 0.125
Propylene 60.000 60.000 0.000

CRUDE: Up on pre-weekend correction to recent losses. Weaker dollar and Iranian sanctions that could impact exports countered trade war impacting crude demand.

GASOLINE: Stronger alongside crude and buying ahead of weekend.

NATURAL GAS: Lower on new gas storage injection.

ETHANE: Up slightly on solid cracker demand.

PROPANE: Higher with crude.

BENZENE: Steady on balanced supply and demand.

TOLUENE & MX: Flat on limited activity amid higher crude.

ETHYLENE: Higher amid production outage.

PROPYLENE: Steady as lower demand offsets recent outages.

The snapshot is compared to the previous evening. Chemicals prices are the mid-point of a range. (Crude $/bbl; gasoline $/gal; natural gas $/MMBtu; ethane and propane, cents/gal; aromatics $/gal; olefins, cents/lb)