EVENING SNAPSHOT - Americas Markets Summary

Source: ICIS News

2018/11/09

HOUSTON (ICIS)--Americas evening snapshot Friday 9 November 2018.

Product Latest Previous Change
Brent January 70.18 70.65 -0.47
WTI December 60.19 60.67 -0.48
Gasoline - RBOB December 1.6214 1.6443 -0.0229
Natural Gas December 3.719 3.543 0.176
Ethane 30.500 31.250 -0.750
Propane 72.750 75.500 -2.750
Benzene 2.180 2.200 -0.020
Toluene 2.390 2.425 -0.035
Mixed xylenes 2.575 2.610 -0.035
Ethylene 20.000 20.000 0.000
Propylene 44.500 44.500 0.000

CRUDE: Down for 10th consecutive session on oversupply concerns. Stronger dollar and a strong market sell-off also pressured the complex.

GASOLINE: Lower with slipping crude futures.

NATURAL GAS: Up on cooler temperatures increasing heating demand.

ETHANE: Down on strong front-month selling and weaker crude.

PROPANE: Down on weaker crude.

BENZENE: Down on slow demand, lower crude.

TOLUENE & MX:  Down with crude.

ETHYLENE: Steady in a balanced market.

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)