16 August 2012 05:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Thursday’s midday ?xml:namespace>
CRUDE: WTI Sept $94.42/bbl, up 9 cents; BRENT Sept $116.31/bbl, up 6 cents
Crude futures rose in the morning after strong gains made in the previous session. Crude prices also rose on Wednesday after data from the
NAPHTHA: $963-966/tonne CFR Japan, up $15-17/tonne
Open-spec prices for the first-half October contract rose in the morning trade, underpinned by strong overnight gains in Brent crude futures.
BENZENE: $1,170-1,175/tonne FOB
A deal was heard done between two traders at $1,155/tonne FOB
TOLUENE: $1,125-1,145/tonne FOB
Market opened on a firm note, tracking the higher European and US markets. The bid-offer gap narrowed in the morning, with bids at $1,125/tonne FOB
ETHYLENE: $1,170-1,230/tonne CFR NE Asia, stable
Sellers are raising their selling ideas to $1,250-1,280/tonne CFR NE Asia for September cargoes, following an increase in feedstock naphtha prices. Buyers continue to cap their buying ideas at $1,200/tonne CFR NE Asia because of the weak performance of the downstream sectors.
PROPYLENE: $1,360-1,390/tonne CFR NE Asia, stable
Selling ideas for September-arrival cargoes remained at $1,380-1,400/tonne CFR NE Asia. An early September arrival cargo was heard done at $1,380/tonne CFR Taiwan.
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