EVENING SNAPSHOT - Asia Markets Summary

04 December 2008 10:00  [Source: ICIS news]

SINGAPORE (ICIS news)--Here is Thursday’s end-of-day Asian oil and chemical market summary from ICIS pricing.

CRUDE: January WTI $46.05/bbl down 74 cents January BRENT $44.58/bbl down 86 cents

Crude futures weakened on Thursday close to four year lows. Negative US economic data undermined more bullish pressure following unexpected declines in crude and product stocks.

NAPHTHA: Asian naphtha prices closed softer Thursday. Second half January price indications were pegged at $264.00-265.00/tonne CFR (cost and freight) Japan, first half February at $262.00-263.00/tonne CFR Japan and second half February at $262.00-263.00/tonne CFR Japan.

BENZENE: Prices were notionally assessed stable at $290-305/tonne FOB (free on board) Korea as no buy-sell indications surfaced.

TOLUENE: Trading remained sluggish with a bid heard for any January lifting at $390/tonne FOB Korea and another at $415/tonne FOB Korea for second half January lifting. No offers were heard.

For more pricing intelligence, please visit ICIS pricing. 

By: Staff Reporter
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