NOON SNAPSHOT - Europe Markets Summary

Source: ICIS News


LONDON (ICIS)--Europe noon snapshot Monday 11 February 2019.

Product Latest Previous Change
Brent April 61.93 62.10 -0.17
WTI March 52.27 52.72 -0.45
Naphtha 492.00 490.00 2.00
Benzene 585.00 585.00 0.00
Styrene 985.00 980.00 5.00

CRUDE: Down on a rise in the US rig count and the US dollar hitting 2019 highs; additional pressure on WTI from Wood River refinery outage.

NAPHTHA: Inched up but tempered by falling crude values.

BENZENE: February bids were flat from the Friday close with offers assessed stable on a notional basis. March bids were at similar levels in largely balanced market.

STYRENE: February edged up with March bids lower from the Friday close. Supply in February is leaning towards length.

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