08 June 2012 11:43 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Friday’s end-of-day ?xml:namespace>
CRUDE: July WTI $82.20, down $2.62/bbl; July BRENT $97.56/bbl, down $2.37/bbl
Crude futures slipped further in afternoon trade on concerns about
NAPHTHA: $747.00-749.00/tonne CFR Japan, down $20.00-21.00/tonne
Open-spec naphtha prices plunged, tracking falls in crude futures. Buying sentiment turned more bearish, keeping most market players in the sidelines.
BENZENE: $1,005-1,010 FOB
Buying indications for July lots were heard around $1,005/tonne FOB
TOLUENE: $965-980/tonne FOB
A July shipment was heard offered late in the afternoon at $980/tonne FOB
ETHYLENE: $940-950/tonne CFR NE Asia, down $10/tonne at the high end
An ethylene spot cargo of around 3,000 tonnes for mid-July arrival was offered at $940/tonne CFR China, with discussions underway on Friday evening.
PROPYLENE: $1,240-1,260 /tonne CFR NE Asia, down $10/tonne at the high end
Buying ideas fell to below $1,250/tonne CFR NE Asia in the afternoon following the slump in crude prices while most traders retreated to the sidelines.
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