EVENING SNAPSHOT - Asia Markets Summary

26 November 2009 09:37  [Source: ICIS news]

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

CRUDE: Jan WTI $76.96/bbl, down $1.00/bbl ; Jan BRENT $77.75/bbl, down 69 cents/bbl

Crude futures weakened on Thursday afternoon in Asia amid falls in the equity markets. Crude had gained more than 2% on Wednesday due to a weaker US dollar and a smaller-than-expected rise in US crude inventories. At 8:30 GMT on Thursday, the Dubai Mercantile Exchange (DME) January Oman futures contract settled at $77.52/bbl, up 51 cents/bbl on the previous day’s settlement.

NAPHTHA: First-half January open-spec naphtha was assessed close to recent highs at $722.00-724.00/tonne CFR (cost and freight) Japan, up $8.00-9.00/tonne on the previous day. There were no trades. The second-half January open-spec naphtha contract was valued at $715.00 -717.00/tonne CFR Japan. The first-half February contract was valued at $709.00 - 711.00/tonne CFR Japan.

BENZENE: Buying indications for January parcels were cited at $895/tonne FOB (free on board) Korea in the early part of the day, but rose to $900-905/tonne FOB Korea in the afternoon. Selling indications were quoted at $915/tonne FOB Korea.

TOLUENE: Offers were heard at $850/tonne FOB Korea for February lifting against bids of $840-845/tonne FOB Korea.

For more pricing intelligence, please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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