EVENING SNAPSHOT - Asia Markets Summary

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

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

CRUDE: Aug WTI $68.35/bbl down 96 cents/bbl Aug BRENT $67.97/bbl down 82 cents/bbl

Crude future fell back on Thursday adding to losses made the previous day. Prices fell after a larger than expected builds in US gasoline stocks. Downbeat economic data, added further downward pressure on prices. At 8:30 GMT on Thursday, the Dubai Mercantile Exchange (DME) September Oman futures contract settled at $68.24/bbl, down $2.10/bbl on the previous day.

NAPHTHA: Asian naphtha prices closed softer Thursday. Second half August price indications were pegged at $608.00-609.00/tonne CFR (cost and freight) Japan, first half September at $603.50-604.50/tonne CFR Japan and second half September at $600.00-601.00/tonne CFR Japan.

BENZENE: Prices firmed further to $845-860/tonne FOB (free on board) Korea in the afternoon with a Korean producer heard purchasing an August cargo at $858/tonne FOB Korea. Bids for August were heard at $840-847/tonne FOB Korea while offers were capped at $880/tonne FOB Korea.

TOLUENE: Prices were hovering at the $760-770/tonne FOB Korea level with bids for August loading heard at $755-765/tonne FOB Korea versus offers at $770-771/tonne FOB Korea.

For more pricing intelligence, please visit ICIS pricing


By: Staff Reporter
+44 20 8652 3214

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