16 May 2012 11:59 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Wednesday’s end-of-day ?xml:namespace>
CRUDE: June WTI $92.22/bbl, down $1.76/bbl; June BRENT $110.69/bbl, down $1.55/bbl
Crude prices continued to decline in the afternoon trade on heightened concerns that debt-laden
NAPHTHA: $902.00-904.00/tonne CFR
Concerns over the eurozone and the health of the global economy dampened buying interest for naphtha.
BENZENE: $1,090-1,105/tonne FOB
The inter-month spread for June and July were notionally assessed at a backwardation. Bids for July were heard at $1,065/tonne FOB
TOLUENE: $1,075-1,090/tonne FOB
Prices slipped in tandem with crude futures, with the inter-month toluene spread for June and July pegged at a backwardation. Offers for July loading at $1,075/tonne FOB
ETHYLENE: $1,190-1,230/tonne CFR NE Asia, stable
No deals were heard as sellers and buyers remained sidelined amid the recent decline in naphtha prices and the prevailing weak performance in the key polyethylene (PE) sector. Buying ideas were unchanged at below $1,200/tonne CFR NE Asia for June arrival.
PROPYLENE: $1,290-1,330 /tonne CFR NE Asia, steady
Discussions to sell a first-half June arrival cargo to east
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