27 August 2012 05:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Monday’s midday ?xml:namespace>
CRUDE: WTI Oct $97.48/bbl, up $1.33/bbl; BRENT Oct $115.18/bbl, up $1.59/bbl
Crude futures strengthened on Monday morning amid supply concerns resulting from disruption caused by Tropical Storm Isaac in the
NAPHTHA: $982.50-985.50/tonne CFR
Open-spec prices for the first-half October contract rose in the morning session on Monday on the back of rising crude futures.
BENZENE: $1,180-1,200/tonne FOB
Bids and offers firmed from the previous week on the back of stronger crude futures and persistently tight prompt supply in the region. Offers for October-loading lots were at $1,199-1,200/tonne FOB
TOLUENE: $1,125-1,140/tonne FOB
Prices were assessed stable amid range-bound discussions from the previous week despite stronger crude futures. A bid for October-loading lots emerged at $1,136/tonne FOB
ETHYLENE: $1,280-1,300/tonne CFR NE Asia, stable
Selling targets are reiterated at above $1,300/tonne CFR NE Asia for cargoes arriving in the latter half of September but some Chinese buyers were cautious to commit to such levels despite supply shortfalls, a trader said.
PROPYLENE: $1,390-1,410/tonne CFR NE Asia, stable
Selling ideas remained at the low $1,400s/tonne CFR NE Asia, while buying ideas were below $1,400/tonne CFR NE Asia.
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