NOON SNAPSHOT - Asia Markets Summary

21 July 2009 05:00  [Source: ICIS news]

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

CRUDE: Aug WTI: $63.80/bbl, down 18 cents; Sep Brent: $65.81/bbl, down 63 cents

Crude future steadied near the $64/bbl mark on an expectation for a drop in US weekly crude inventories due later in the day. The weaker US dollar and a continued optimism for economic recovery also provided some price support.

NAPHTHA: Asian naphtha prices opened slightly firmer Tuesday. First half September price indications were pegged at $575.50-578.50/tonne CFR (cost and freight) Japan, second half September at $574.50-577.50/tonne CFR Japan and first half October at $573.50-576.50/tonne CFR Japan.

BENZENE: Prices slipped to $850-860/tonne FOB (free on board) Korea as offers for September loading parcels at $856-860/tonne FOB Korea were countered by bids at $850-852/tonne FOB Korea.

TOLUENE: Prices for September loading cargoes were firmer with an offer heard at $800/tonne FOB Korea countered by a bid at $775/tonne FOB Korea.

For more pricing intelligence, please visit ICIS pricing.

By: Staff Reporter
+44 20 8652 3214

< previous article(ICIS Chemical Business podcast November 2, 2009)

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