02 May 2012 11:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Wednesday’s end-of-day ?xml:namespace>
CRUDE: WTI JUN $105.77/bbl, down 39 cents; BRENT JUN $119.26/bbl, down 37 cents
Crude futures softened further on Wednesday afternoon amid a strengthening of the US dollar. However, upbeat
NAPHTHA: $995.50-997.50/tonne CFR
Open-spec naphtha prices for second half June were assessed lower on Wednesday afternoon, undermined by softer crude and weak demand from petrochemical sector.
BENZENE: $1,185-1,190/tonne FOB
Limited bids for June-loading cargoes hovered at $1,185/tonne FOB
TOLUENE: $1,200-1,215/tonne FOB
Buying indications were heard around $1,205/tonne FOB
ETHYLENE: $1,270-1,310/tonne CFR NE Asia, stable
Selling ideas at the low $1,300s/tonne CFR NE Asia were met with sporadic buying interest at below $1,300/tonne CFR NE Asia.
PROPYLENE: $1,450-1,460 /tonne CFR NE Asia, down $10/tonne at the high end
Buying ideas were at $1,420-1,430/tonne CFR NE Asia but most traders were unwilling to offload spot cargoes at below $1,450/tonne CFR NE Asia because of the high costs of procuring the shipments.
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