23 May 2012 11:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Wednesday’s end-of-day ?xml:namespace>
CRUDE: WTI JUL $90.84bbl, down $1.01/bbl; BRENT JUL $107.22/bbl down $1.19/bbl
Crude futures weakened further on Wednesday afternoon amid heightened concerns over
NAPHTHA: $862-864.00/tonne CFR Japan, down $1.00-2.00/tonne
Open spec naphtha prices edged lower on Wednesday afternoon, undermined by weak refining margins and poor demand particularly from the petrochemicals sector.
BENZENE: $1,080-1,110/tonne FOB
Offers for July loading at $1,093-1,105/tonne FOB
TOLUENE: $1,070-1,085/tonne FOB
The inter-month spread for June and July was assessed at about $10/tonne in backwardation. Offers for July lifting at $1,078-1,085/tonne FOB
ETHYLENE: $1,090-1,130/tonne CFR NE Asia, stable
Ethylene selling ideas were at $1,100-1,150/tonne CFR NE Asia depending on the arrival schedule in June while buying ideas remained capped at or below $1,100/tonne CFR NE Asia.
PROPYLENE: $1,270-1,290 /tonne CFR NE Asia, up $10/tonne at the low end
Two spot cargoes of southeast Asia origin changed hands at $1,270-1,280/tonne CFR China for any June arrival.
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