13 June 2012 11:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Wednesday's end-of-day ?xml:namespace>
CRUDE: WTI July $83.38/bbl, up 6 cents; BRENT July $97.44/bbl, up 30 cents
Crude prices rose in afternoon trade amid volatile trade as investors await an OPEC meeting later this week for further cues on the group’s output policy.
NAPHTHA: $733.00-735.00/tonne CFR Japan, down $4.00/tonne
Open-spec naphtha prices slipped further, following a deal settled for second-half August loading at $736.00/tonne CFR Japan. The market remained in contango amid weak fundamentals.
BENZENE: $1,000-1,020/tonne FOB Korea, down $25-35/tonne
Two parcels for September loading were concluded at $955/tonne FOB Korea, while another September lot was sold at $960/tonne FOB Korea.
TOLUENE: $970-985/tonne FOB
The market was quiet. Buying indications for August and September-loading cargoes were at $955/tonne FOB
ETHYLENE: $900-950/tonne CFR NE Asia, down $20/tonne
Buy-sell indications were at $900-950/tonne CFR NE Asia on deals done at these levels for July shipment. Supply continues to outstrip demand amid talk of July deals at $830/tonne FOB NE Asia.
PROPYLENE: $1,230-1,250 /tonne CFR NE Asia, stable
The market was quiet as most market players were adopting a wait-and-see stance in view of the uncertain market outlook. Discussion levels on CFR basis were at $1,230-1,250/tonne CFR China. A deal was done at $1,200/tonne FOB
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections