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

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