15 June 2012 05:00 [Source: ICIS news]
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CRUDE: July WTI $84.24/bbl, up 33 cents; Aug BRENT $97.81/bbl, up 64 cents
Crude oil prices rose in morning trade after OPEC agreed to keep its output ceiling unchanged at 30m bbl/day for the second half of 2012.
NAPHTHA: $750.50-752.50/tonne CFR Japan, up $12.50/tonne
Open-spec naphtha prices edged up, tracking overnight gains in global crude futures.
BENZENE: $995-1,005/tonne FOB
The inter-month spread for July and August was heard at a backwardation of about $20/tonne. A bid for August loading was cited at $980/tonne FOB
TOLUENE: $970-980/tonne FOB
A bid was heard for July loading at $970/tonne FOB
ETHYLENE: $880-920/tonne CFR NE Asia, down $10/tonne
Sporadic buying notions for July-arrival cargoes emerged at below $850/tonne CFR Taiwan, but most sellers continued to target prices above $900/tonne CFR NE Asia.
PROPYLENE: $1,230-1,260/tonne CFR NE Asia, stable
Selling ideas for July arrival cargo were at $1,260-1,280/tonne CFR NE Asia against buying ideas in the low $1,200/tonne CFR NE Asia levels. One deal for second-half July-arrival cargo was done at $1,250-1,260/tonne CFR China.
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