01 August 2012 05:00 [Source: ICIS news]
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CRUDE: Sept WTI $87.85/bbl, down 21 cents; Sept BRENT $104.66/bbl, down 26 cents
Crude futures slipped in Asian trade following weaker manufacturing data from China, the world’s top energy consumer.
NAPHTHA: $848.50-850.50/tonne CFR
Open-spec prices for first-half September contracts wiped out its gains early in the week, following an overnight slump in global energy values.
BENZENE: $1,155-1,175/tonne FOB
Bids and offers were firmer. Offers for September-loading cargoes were at $1,165/tonne FOB
TOLUENE: $1,090-1,100/tonne FOB
Offers for September-loading lots were at $1,110/tonne FOB
ETHYLENE: $1,130-1,180/tonne CFR NE Asia, up $30/tonne on the high end
Offers for end-August/early September-arrival cargoes of northeast Asian origin at $1,200/tonne CFR China elicited sporadic buying interest in the high-$1,100/tonne CFR China levels. Most other buyers capped bids at $1,130/tonne CFR NE Asia.
PROPYLENE: $1,300-1,340/tonne CFR NE Asia, unchanged
Selling ideas hovered at around $1,340/tonne CFR NE Asia for September-arrival cargoes, against buying ideas capped at $1,300/tonne CFR NE Asia amid bearish demand across regional economies.
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