EVENING SNAPSHOT - Americas Markets Summary

Source: ICIS News

2018/12/07

HOUSTON (ICIS)--Americas evening snapshot Friday 7 December 2018.

Product Latest Previous Change Brent February 61.67 60.06 1.61 WTI January 52.61 51.49 1.12 Gasoline - RBOB January 1.4858 1.4334 0.0524 Natural Gas January 4.488 4.327 0.161 Ethane 32.125 30.875 1.250 Propane 73.125 71.250 1.875 Benzene 1.850 2.000 -0.150 Toluene 2.425 2.400 0.025 Mixed xylenes 2.230 2.275 -0.045 Ethylene 20.250 20.500 -0.250 Propylene 38.250 38.250 0.000

CRUDE: Rallied after OPEC and Russia agreed to trim output, but a sell-off in the stock market capped the rally and triggered a round of profit-taking.

GASOLINE: Up with crude and refinery issues on the US Gulf Coast.

NATURAL GAS: Higher tracking crude.

ETHANE: Higher on natrual gas and stronger complex.

PROPANE: Higher tracking stronger crude and healthy demand.

BENZENE: Down on sluggish demand.

TOLUENE & MX: Mixed amid higher crude and slower demand.

ETHYLENE: Lower amid ample supply.

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)