15 May 2012 05:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Tuesday’s midday ?xml:namespace>
CRUDE: WTI June $94.33/bbl, down 45 cents; BRENT June $111.08/bbl, down 49 cents
Crude futures softened in the morning amid concerns that deeply-indebted
NAPHTHA: $927.50-930.50/tonne CFR
Open-spec naphtha prices increased on news that buyers could be interested in securing low-priced prompt cargoes. There were no bids or offers reported.
BENZENE: $1,095-1,125/tonne FOB
Prices slipped further on weaker crude and
TOLUENE: $1,110-1,130/tonne FOB
Prices for June were assessed lower on offers for July-loading lots heard at $1,093-1,105/tonne FOB
ETHYLENE: $1,190-1,230/tonne CFR NE Asia, stable
A $1,180/tonne CFR China deal for a 3,000 tonne spot cargo of Asian origin for first-half June arrival could not be confirmed. Despite muted buying interest, selling notions remained at above $1,200/tonne CFR NE Asia because of a lack of inventory pressure, said some traders.
PROPYLENE: $1,290-1,320 /tonne CFR NE Asia, down $10/tonne
Most market players remained on the sidelines amid falling crude prices and cautious market sentiment. Selling ideas were heard at $1,320/tonne CFR NE Asia, which did not attract buying interest.
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