NOON SNAPSHOT - Europe Markets Summary

Source: ICIS News

2018/10/12

LONDON (ICIS)--Europe noon snapshot Friday 12 October 2018.

Product Latest Previous Change
Brent December 80.42 80.26 0.16
WTI November 71.39 70.97 0.42
Naphtha 689.00 695.00 -6.00
Benzene 847.50 855.00 -7.50
Styrene 1282.50 1287.50 -5.00

CRUDE: Firms on higher Chinese crude imports for September; upside limited by the IEA echoing OPEC’s comments saying the oil market is currently adequately supplied.

NAPHTHA: Down as the crack spread weakens amid lacklustre demand and lengthening conditions as the gasoline-to-naphtha spread narrows.

BENZENE: Slight backwardation into November.

STYRENE: Bids lower; pricing at near parity for October, November, December

The snapshot is compared with the previous evening. Chemicals prices are the mid-point of a range in $/tonne.