EVENING SNAPSHOT - Asia Markets Summary

25 September 2009 10:53  [Source: ICIS news]

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

CRUDE: Nov WTI $66.30/bbl, up 41 cents ; Nov BRENT $65.42/bbl, up 60 cents/bbl

Crude futures strengthened on Friday afternoon, after falling more than 4% in the previous session. Prices had tumbled on Thursday amid economic worries in the US following an unexpected fall in the sale of previously owned homes in August.

At 8:30 GMT on Friday, the Dubai Mercantile Exchange (DME) November Oman futures contract settled at $65.27/bbl, down $2.06/bbl from the previous day's level.

NAPHTHA: Asian naphtha prices closed $19/tonne softer Friday. First-half November price indications were pegged at $581.00-582.00/tonne CFR (cost and freight) Japan, second-half November at $579.50-580.50/tonne CFR Japan and first-half December at $578.50.50-579.50/tonne CFR Japan.

BENZENE: Two fixtures were concluded for any November loading cargoes at $704/tonne and $706/tonne FOB (free on board) Korea during open market trading, down $9/tonne from Thursday’s deals. Prior to the deals done, buy-sell indications were pegged at $690-710/tonne FOB Korea for any November lifting, $10/tonne higher than morning’s level.

TOLUENE: Offers were cited at $700/tonne for first-half November lifting, stable from morning’s offer. There was no buying interest. For December loading, buy-sell indications were flat compared to November numbers.

For more pricing intelligence, please visit ICIS pricing

ICIS Free Trials Sign Up


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

ICIS news FREE TRIAL
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