EVENING SNAPSHOT - Americas Markets Summary

Source: ICIS News

2018/10/11

HOUSTON (ICIS)--Americas evening snapshot Thursday 11 October 2019.

Product Latest Previous Change
Brent December 80.26 83.09 -2.83
WTI November 70.97 73.17 -2.20
Gasoline - RBOB November 1.9327 2.0204 -0.0877
Natural Gas November 3.220 3.284 -0.064
Ethane 37.500 43.000 -5.500
Propane 97.000 101.500 -4.500
Benzene 2.805 2.850 -0.045
Toluene 2.865 2.890 -0.025
Mixed xylenes 3.105 3.105 0.000
Ethylene 17.875 18.500 -0.625
Propylene 56.750 56.750 0.000

CRUDE: A feeding frenzy as the stock market extended the sell-off and crude oil inventories rose for the third consecutive week.

GASOLINE: Lower on crude sell-off and a build in domestic stockpiles.

NATURAL GAS: Down on lower demand from Hurricane Michael impact.

ETHANE: Down with complex and slackening demand for physical barrels.

PROPANE: Lower with a build in stocks and plunging crude.

BENZENE: Down on declining crude values.

TOLUENE & MX: Flat-to-down on stabilising downstream demand.

ETHYLENE: Lower on upstream ethane.

PROPYLENE: Steady in balanced market.

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)