Real time trading in Polymers, Base Oils, TiO2 and Nanomaterials
General Market Comment
US indices closed lower on Tuesday as the Dow plunged by 800pts and the S&P500 closed below its 200-day moving average. Shares in the Semiconductors & Semiconductor Equipment (-5.23%), Banks (-4.74%) and Automobiles & Components (-4.71%) sectors ended on a negative note. On the economic data front, there was no major news to report. The S&P 500 (2,767.87) breaks below its 20d moving average (2,723.83 – negative slope) and 50d moving average (2,767.87 – negative slope).
Commodity Closing – Europe/Oil-Gas Majors 04.12.18
NEW YORK – Crude oil prices pared gains in a volatile trade on Tuesday as fears flared that demand would stall due to a trade war between the U.S. and China, and that Russia remained a stumbling block to a deal to cut global crude supply.
| NYMEX Crude Oil |
53.09 USD
|
+0.14
|
+0.26% | Dec 18 | 11:47AM EST |
| ICE Brent Crude |
62.14 USD
|
+0.45
|
+0.72% | Dec 18 | 7:00PM EST |
| NYMEX RBOB Gasoline |
1.45 USD
|
+0.02
|
+1.51% | Dec 18 | 11:47AM EST |
| Dubai Crude Spot |
60.64 USD
|
-0.05
|
-0.08% | Dec 02 | 11:58AM EST |
| ICE Gas Oil |
587.25 USD
|
+9.50
|
+1.62% | Dec 18 | 7:00PM EST |
| NYMEX No2 Heating Oil |
1.91 USD
|
+0.03
|
+1.31% | Dec 18 | 11:47AM EST |
| NYMEX Nat Gas |
4.52 USD
|
+0.18
|
+4.07% | Dec 18 | 11:48AM EST |
| ICE NBP Nat Gas |
66.90 GBP
|
-1.87
|
-2.80% |
EMEA Weekly Base Oil Report
For its year-end finale the European, Middle Eastern and African base oil markets are throwing up some very unusual events that have made the market a mixed bag at this time.
The European API Group I market is showing considerable length of availability with for all grades, especially heavy neutrals though supply of bright stock appears balanced. Many of the cargoes identified have been intra-company movements with a large quantity of Group I grades moving from Northwestern Europe and the Mediterranean to Far East, for example.
Today’s Economic Events
US NOV Total Vehicule Sales (M) exp: 17.2 prev: 17.5
08:50 FR NOV F Markit Manufacturing PMI exp: 50.8 prev: 50.7
09:00 EU NOV F Markit Manufacturing exp: 51.5 prev: 51.5
14:45 US NOV F Markit Manufacturing PMI exp: 55.4 prev: 55.4
15:00 US NOV ISM – Manufacturing exp: 57.7 prev: 57.7
15:00 US NOV ISM – Price Paid exp: 69.5 prev: 71.6
15:00 US OCT Construction Spending (MoM) exp: 0.4% prev: 0%
General Market Comment
US indices pushed higher on Friday lifted by shares in the Semiconductors & Semiconductor Equipment (+2.25%), Telecommunication Services (+1.76%) and Transportation (+1.75%) sectors. On the economic data front, the Chicago PMI increased to 66.4 in November (estimated 58.5) from 58 in October. The S&P 500 (2,760.17) remains above its 20d moving average (2,775.04 – positive slope) but stays below 50d moving average (2,722.37 – negative slope).
European markets are expected to start on a positive note.
Commodity Closing – Europe/Oil-Gas Majors 03.12.18
NEW YORK – Oil prices jumped by more than 3 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.
| NYMEX Crude Oil |
52.48 USD
|
+1.55
|
+2.95% | Dec 18 | 12:35PM EST |
| ICE Brent Crude |
61.02 USD
|
+1.56
|
+2.56% | Dec 18 | 7:00PM EST |
| NYMEX RBOB Gasoline |
1.43 USD
|
+0.03
|
+1.83% | Dec 18 | 12:51PM EST |
| Dubai Crude Spot |
59.56 USD
|
+2.19
|
+3.68% | Dec 02 | 12:45PM EST |
| ICE Gas Oil |
575.75 USD
|
+25.00
|
+4.34% | Dec 18 | 7:00PM EST |
| NYMEX No2 Heating Oil |
1.87 USD
|
+0.05
|
+2.41% | Dec 18 | 12:50PM EST |
| NYMEX Nat Gas |
4.32 USD
|
-0.29
|
-6.71% | Dec 18 | 12:51PM EST |
Today’s Economic Events
US NOV Total Vehicule Sales (M) exp: 17.2 prev: 17.5
08:50 FR NOV F Markit Manufacturing PMI exp: 50.8 prev: 50.7
09:00 EU NOV F Markit Manufacturing exp: 51.5 prev: 51.5
14:45 US NOV F Markit Manufacturing PMI exp: 55.4 prev: 55.4
15:00 US NOV ISM – Manufacturing exp: 57.7 prev: 57.7
15:00 US NOV ISM – Price Paid exp: 69.5 prev: 71.6
15:00 US OCT Construction Spending (MoM) exp: 0.4% prev: 0%
General Market Comment
US indices pushed higher on Friday lifted by shares in the Semiconductors & Semiconductor Equipment (+2.25%), Telecommunication Services (+1.76%) and Transportation (+1.75%) sectors. On the economic data front, the Chicago PMI increased to 66.4 in November (estimated 58.5) from 58 in October. The S&P 500 (2,760.17) remains above its 20d moving average (2,775.04 – positive slope) but stays below 50d moving average (2,722.37 – negative slope).
European markets are expected to start on a positive note.
Commodity Closing – Europe/Oil-Gas Majors 30.11.18
NEW YORK – Oil prices fell further on Friday as swelling inventories depressed sentiment despite widespread expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form of production cut next week.
| NYMEX Crude Oil |
51.33 USD
|
-0.12
|
-0.23% | Dec 18 | 12:04PM EST |
| ICE Brent Crude |
58.80 USD
|
-0.71
|
-1.21% | Nov 18 | 7:00PM EST |
| NYMEX RBOB Gasoline |
1.45 USD
|
-0.00
|
-0.12% | Nov 18 | 12:01PM EST |
| Dubai Crude Spot |
58.22 USD
|
-0.64
|
-1.10% | Dec 02 | 12:13PM EST |
| ICE Gas Oil |
561.00 USD
|
+1.25
|
+0.22% | Dec 18 | 7:00PM EST |
| NYMEX No2 Heating Oil |
1.84 USD
|
-0.00
|
-0.10% | Nov 18 | 12:02PM EST |
| NYMEX Nat Gas |
4.51 USD
|
-0.14
|
-3.08% | Dec 18 | 12:03PM EST |
| ICE NBP Nat Gas |
67.75 GBP
|
-0.71
|
-1.05% |
Today’s Economic Events
07:00 GE OCT Import Prices (MoM) exp: 0.4% prev: 0.4%
07:00 GE OCT Retail Sales (MoM) exp: 0.3% prev: 0.1%
07:45 FR NOV P Consumer Price Index (MoM) exp: -0.2% prev: 0.1%
07:45 FR NOV P CPI – EU Harmonised (MoM) exp: -0.2% prev: 0.1%
07:45 FR OCT Producer Price Index (MoM) exp: NA prev: 0.3%
10:00 EC OCT Euro-Zone: Unemployment Rate exp: 8% prev: 8.1%
14:45 US NOV Chicago Purchasing Manager Index exp: 57.6 prev: 58.4