15 August 2012 11:17 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Wednesday’s end-of-day ?xml:namespace>
CRUDE: WTI Sept $93.17/bbl down 26 cents; BRENT Sept $114.02/bbl down 1 cent
Crude futures were trading below the previous day’s close but recovered some ground on Wednesday afternoon from earlier lows. Crude values remained under downward pressure from an unexpected rise in US crude stocks. However,
NAPHTHA: $948-949/tonne CFR Japan, up $18-20/tonne
Open-spec prices for the second-half September contract reversed losses during the afternoon session in
BENZENE: $1,155-1,165/tonne FOB
The intermonth spread for September and October was assessed at $15-20/tonne in backwardation. Offers for October-loading cargoes were at $1,145-1,150/tonne FOB
TOLUENE: $1,115-1,120/tonne FOB
Prices rolled over in the afternoon session as the market remained thinly traded. A bid for any October cargo emerged at $1,112/tonne FOB
ETHYLENE: $1,170-1,230/tonne CFR NE Asia, stable
Prices in northeast
PROPYLENE: $1,360-1,390/tonne CFR NE Asia, up $10/tonne at the high end
Selling ideas for September arrival cargoes at $1,400/tonne CFR NE Asia or above were met with strong resistance from buyers. Buying ideas were capped at $1,350-1,360/tonne CFR NE Asia. Two deals for September arrival were concluded at $1,390/tonne CFR China and $1,384/tonne CFR Taiwan, although these could not be confirmed immediately.
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