16 November 2010 09:55 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Tuesday’s end-of-day ?xml:namespace>
CRUDE: Dec WTI $84.34/bbl down 52 cents/bbl BRENT Jan $86.41/bbl down 35 cents/bbl
Crude futures were assessed weaker during the afternoon, pressured by a stronger US dollar and forecasts that weekly industry data will reveal a rise in US crude stocks.
NAPHTHA: $798-800/tonne CFR Japan, steady
Asia H1 January naphtha held onto losses on Tuesday as global crude futures fell towards $84/bbl. The intermonth spread between H1 January and H1 February contracts was steady at $6/tonne in backwardation.
BENZENE: $905-915/tonne; down $10
Prices continued to slip pressured by lower crude and downstream styrene monomer values, along with persistently high supply. Bids for H2 December lifting were cited at $895/tonne FOB
TOLUENE: $890-900/tonne; steady
Prices were largely stable in the afternoon amid continued thin trading. Offers for January lifting parcels were heard at $900-905/tonne FOB
PROPYLENE: $1,280-1,285/tonne CFR NE Asia, stable
Trade was thin amid cautious sentiment. Offers in the high $1,200s/tonne CFR China failed to attract buying interest. Notional buying ideas were maintained in the mid $1,200s/tonne CFR
ETHYLENE: $1,000-1,030/tonne, up $10/tonne
Ethylene edged up on higher buying ideas for December-arrival cargoes heard in
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