NOON SNAPSHOT - Asia Markets Summary

27 January 2010 03:52  [Source: ICIS news]

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

CRUDE Mar WTI $74.68bbl down 3 cents/bbl BRENT Mar $73.20/bbl down 9 cents/bbl
Crude futures weakened on Wednesday morning, as a stronger US dollar countered any positive impact from an unexpected fall in US crude stocks.

NAPHTHA: First-half March open-spec naphtha edged up to $710.50-713.50/tonne CFR (cost and freight) Japan, from $709-711/tonne CFR on the previous trading day as U.S. crude futures was largely steady at below $75/bbl. The second-half March naphtha contract stood at $703.50-706.50/tonne CFR Japan, while the first-half April contract was pegged at $698.50-701.50/tonne CFR Japan.

BENZENE: Prices were hovering at $990-1,000/tonne FOB Korea in the morning. A deal for March loading was heard at $1,000/tonne FOB Korea while the bid-offer range for March loading was heard at $980-1,005/tonne FOB Korea.

TOLUENE: Trading picked up some pace with two deals reported for April loading at $880/tonne FOB Korea. But prices continued sliding from yesterday to reach $870-880/tonne FOB Korea level in the morning.

For more pricing intelligence, please visit ICIS pricing

By: Staff Reporter
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