EVENING SNAPSHOT - Asia Markets summary

02 April 2009 11:00  [Source: ICIS news]

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

CRUDE: May WTI $50.85/bbl up $2.46 May BRENT $51.01/bbl up $2.57/bbl

Crude futures surged on Thursday pushing back above $51/bbl amid strong gains in European and Asian stock markets and more positive economic news from the US. At 8:30 GMT on Wednesday, the Dubai Mercantile Exchange (DME) June Oman futures contract settled at $48.64/bbl, up $1.34/bbl on the previous day’s close.

NAPHTHA: Asian naphtha prices closed firmer Thursday. Second half May price indications were pegged at $450.00-451.00/tonne CFR (cost and freight) Japan, first half June at $442.00-443.00/tonne CFR Japan and second half June at $435.00-436.00/tonne CFR Japan.

BENZENE: Prices were stable-to-weak at $565-580/tonne FOB Korea with a deal for any May loading heard at $567/tonne FOB Korea. An offer was heard at $583/tonne FOB Korea countered by bids at $565-567/tonne FOB Korea for May lifting.

TOLUENE: Prices edged higher to $580-590/tonne FOB Korea with offers for any May loading heard at $595-605/tonne FOB Korea against bids at $575-585/tonne FOB Korea.

For more pricing intelligence, please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index