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