API Group I prices are stabilizing across Europe, the Middle East and Africa due to an uptick in demand and less availability of material. Meanwhile Group II values in Europe have fallen and Group IIIs are under pressure because of imports of unapproved grades and aggressive pricing for new Group II output within the region.
Crude oil and feedstock costs firmed the past few days. Dated deliveries of Brent crude are now at $67.40 per barrel for May front month settlement, around $1 higher than last week. West Texas Intermediate rose some $2 to $58.95/bbl for April front month. ICE LS gas oil slipped to $606 per metric ton for April front month. These prices are established from ICE London trading late Monday.