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Copyright © 2010 Reed Business Information Limited

Copyright © 2010 Reed Business Information Limited. ICIS Pricing is a member of the Reed Elsevier plc group.

 

 29th July 2011

Hexane (Europe)

Editor Sarah Trinder, sarah.trinder@icis.com

 

SPOT PRICES

Click for Price History

 

 

Price Range

 

Four weeks ago

EUR/HLT

FOB RDAM

USD/TONNE

-30

1105-1125

-30

1135-1155

50.64-51.56

FD NWE

EUR/TONNE

n/c

980-1010

-40

980-1050

 

 

NOTE: for full details on the criteria ICIS pricing uses in making these price assessments visit www.icispricing,com and click on “methodology”.

 


The European hexane market has experienced fairly balanced supply and demand this week.

 

It is thought that domestic spot prices are trading at €1,010/tonne FD NWE at the highest so the range is assessed lower at €980-1,010/tonne FD NWE.

 

Export prices are assessed lower at $1,105-1,125/tonne FOB Rotterdam.

 

In the UK supply and demand are balanced with prices in the low-to-mid 60s pence/litre FD UK.

 

Crude oil prices remained volatile during the week. The inability of US law makers to reach a consensus regarding its self-imposed debt ceiling and a rise in US crude stocks mid-week provided downward pressure to WTI values. However, there was some short-lived bullish momentum in the market after US oil-and-gas facilities were affected by tropical storm Don. ICE Brent prices were steady for most of the week, supported by a weaker dollar. However, continued concern over European debt issues capped gains.

 

On Friday afternoon, September Brent was trading around $116.70/bbl, down from the previous week’s close of $118.67/bbl. September WTI was trading around $95.95/bbl, down from $99.87/bbl.

 

European naphtha cargo prices were relatively stable for most of the week, before slipping to $982-990/tonne CIF NWE on Friday afternoon. Arbitrages remain closed to the US and Asia, although some material moved west regardless. There was less demand than expected from the gasoline industry, while opinions from the petrochemical sector regarding the level of interest in naphtha were mixed. This week's range of $982-1,006/tonne CIF NWE compares with a range of $974-1,010/tonne the previous week.

 

($1=€0.70)

 

This week on ICIS news ( www.icis.com ):

29/07/11 Indian Oil may conduct turnaround at Panipat complex in October

29/07/11 S Korea's SK Innovation pre-tax profit falls 12%, sales up 20%

29/07/11 Japan's Sumitomo Chemical posts fiscal Q1 net loss of Y9.75bn

28/07/11 Asia naphtha prices to fall on Formosa cracker restart delay

27/07/11 US crude futures slide $2.19/bbl on EIA statistics


 

 

FEEDSTOCKS

NAPHTHA

Click for Price History

 

 

Price Range

 

Four weeks ago

FOB BARGES ARA

USD/TONNE

-9.00

989.00-997.00

-9.00

905.00-913.00

 

 

 

Price history | Related reports | Full report list | Price Alert | Plant performance data

 

 

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