NOON SNAPSHOT - Asia Markets Summary

18 June 2010 05:00  [Source: ICIS news]

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

CRUDE: Jul WTI $76.60/bbl down 19 cents BRENT Aug $78.70/bbl down 18 cents
Crude futures edged lower on Friday, amid worries over US demand following the release of downbeat economic data.

NAPHTHA: $694.00-697.00/tonne CFR Japan, up $2.50-3.50
The first half August contract rose further on Friday at $694.00-697.00/tonne CFR (cost and freight) Japan, sparked by fresh Taiwanese spot purchase. Meanwhile, the second half August contract was valued at $693.00-696.00/tonne CFR Japan while the first half September contract stood at $692.00-695.00/tonne CFR Japan.

BENZENE: $795-805/tonne; steady
Prices were notionally pegged steady as no buy-sell indications were heard for July and August loading cargoes. An offer for forward month September loading cargo was cited at $830/tonne FOB Korea that met a bid at $805/tonne FOB Korea.

TOLUENE: $735-750/tonne; up $5-10
Prices edged up on notional basis in line with offers for August loading cargoes cited at $757-758/tonne FOB Korea against bids at $745-750/tonne FOB Korea.

For more pricing intelligence, please visit ICIS pricing


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