EVENING SNAPSHOT - Asia Markets Summary

16 August 2010 11:02  [Source: ICIS news]

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

Sep WTI $75.84/bbl, up 45 cents ; Sep BRENT $75.52/bbl, up 41 cents
Crude futures strengthened on Monday, regaining ground lost in the previous session, ahead of the expiry of the September ICE Brent futures contract later in the day. However, a slowdown in economic growth in Japan limited the upside pressure. At 8:30 GMT, the Dubai Mercantile Exchange (DME) October Oman futures contract settled at $72.86/bbl, down 47 cents/bbl on the previous close.

NAPHTHA: $665.00-669.00/tonne CFR Japan, up $6.50-7.50
Asian first-half October contract ended higher on Monday at $665.00-669.00/tonne CFR Japan, up $6.50-7.50 from early trade as global crude futures bounced higher. The second-half October contract was valued at $664.00-669.00/tonne CFR Japan, and the first-half November contract stood at $660.50-670.00/tonne CFR Japan.

BENZENE: $840-850/tonne, up $5-10
Prices remained on an upward track with a deal for any October loading reported at $853/tonne FOB Korea. Market participants pegged September values to be about $5/tonne lower than October.

TOLUENE: $755-765/tonne, up $5
Prices firmed in line with higher benzene values, with an offer for second-half September lifting heard at $767/tonne FOB Korea. A deal was reported for October lifting at $773/tonne FOB Korea.

For more pricing intelligence, please visit ICIS pricing

By: Staff Reporter
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