29 August 2012 05:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Wednesday’s midday ?xml:namespace>
CRUDE: WTI Oct $95.80/bbl, down 53 cents; BRENT Oct $112.24/bbl, down 34 cents
Crude futures declined in the morning, undermined by a larger than expected rise in US crude stocks revealed in industry data released on 28 August. Attention was still focused on production disruption caused by Tropical Storm Isaac, which has made landfall on the US Gulf coast.
NAPHTHA: $968.50-971.50/tonne CFR
Open-spec prices for the first-half October contract dropped during the morning session, tracking softer crude futures.
BENZENE: $1,165-1,190/tonne FOB
The price range widened because of firmer offers heard for first-half September-loading cargoes at $1,200/tonne FOB
TOLUENE: $1,130-1,145/tonne FOB
Prices were stable because of a lack of discussions for prompt cargoes. October-loading lots were offered at $1,150/tonne FOB
ETHYLENE: $1,300-1,340/tonne CFR NE Asia, stable
Trade remained hindered by the buy-sell spread and a lack of regional spot cargoes for loading in the second half of September. Buyers in
PROPYLENE: $1,390-1,400/tonne CFR NE Asia, down $10/tonne at the high end
Selling ideas for second-half September and early October arrival cargoes were at $1,400/tonne CFR NE Asia or above, while buying ideas were at $1,380-1,390/tonne CFR NE Asia.
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