EVENING SNAPSHOT - Americas Markets Summary

Source: ICIS News

2019/01/11

HOUSTON (ICIS)--Americas evening snapshot Friday 11 January 2019.

Product Latest Previous Change Brent March 60.48 61.68 -1.20 WTI February 51.59 52.59 -1.00 Gasoline - RBOB February 1.4007 1.4307 -0.0300 Natural Gas February 3.099 2.969 0.130 Ethane 29.875 28.500 1.375 Propane 69.500 66.500 3.000 Benzene 1.910 1.925 -0.015 Toluene 2.080 2.110 -0.030 Mixed xylenes 2.125 2.125 0.000 Ethylene 18.250 17.875 0.375 Propylene 35.125 35.125 0.000

CRUDE: Down for first time in ten sessions on correction to overbought conditions. Slide in stock market and inconclusive US/China talks pressured the complex.

GASOLINE: Lower with weaker crude futures.

NATURAL GAS: Higher on colder temperatures.

ETHANE: Higher on healthy demand.

PROPANE: Up with buying interest, lifted by a cut in stockpiles last week.

BENZENE: Weaker with crude.

TOLUENE & MX: Flat-to-down amid lower crude.

ETHYLENE: Higher 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)