EVENING SNAPSHOT - Americas Markets Summary

Source: ICIS News

2019/02/11

HOUSTON (ICIS)--Americas evening snapshot Monday 11 February 2019.

Product Latest Previous Change
Brent April 61.51 62.10 -0.59
WTI March 52.41 52.72 -0.31
Gasoline - RBOB March 1.4192 1.4464 -0.0272
Natural Gas March 2.642 2.583 0.059
Ethane 31.000 31.000 0.000
Propane 61.750 61.500 0.250
Benzene 1.990 1.985 0.005
Toluene 2.175 2.240 -0.065
Mixed xylenes 2.360 2.231 0.129
Ethylene 16.750 16.750 0.000
Propylene 35.750 35.750 0.000

CRUDE: Down in the absence of upbeat news. A strong dollar and uncertainties surrounding progress in US/China trade negotiations pressured the complex.

GASOLINE: Down, tracking lower crude.

NATURAL GAS: Up slightly as late-winter cold spell could bring storage lower.

ETHANE: Flat, after slight gain earlier in the session on front-month buying.

PROPANE: Up slightly after trading lower earlier in the session on falling crude.

BENZENE: Slightly higher amid tightening supply.

TOLUENE & MX: Mixed amid lower crude, tightening supply.

ETHYLENE: Steady in a quiet market.

PROPYLENE: Steady in a 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)