NOON SNAPSHOT - Asia Markets Summary

09 April 2008 05:00  [Source: ICIS news]

SINGAPORE (ICIS news)--Here is Wednesday’s mid-day Asia oil and chemical market summary from ICIS pricing.

 

CRUDE: May WTI $108.69/bbl up $0.19/bbl May BRENT $106.69bbl up $0.35/bbl

 

Crude futures firmed on Wednesday morning in Asia, amid concerns that US inventory data will reveal a decline in gasoline stocks ahead of the domestic driving season.

 

NAPHTHA: Asian naphtha prices opened slightly softer Wednesday. Second half May prices indications were pegged at $919.25-922.25/tonne CFR (cost and freight) Japan, first half June at $917.50-920.50/tonne CFR Japan and second half June at $915.50-918.50/tonne CFR Japan.

 

BENZENE: The bid-offer gap was wider on Wednesday morning with an offer heard at $1,100/tonne FOB Korea against a bid at $1,075/tonne FOB (free on board) Korea for big berth any May loading. Prices were $5/tonne lower at $1,085-1,095/tonne FOB Korea.

 

TOLUENE: No May indications could be located on Wednesday. An offer was heard at $1,025/tonne FOB Korea for any June shipment that met a bid at $1,010/tonne FOB Korea.

 

 

For more pricing intelligence, please visit ICIS pricing.

 

By: Staff Reporter
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