31 August 2012 11:20 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Friday’s end-of-day ?xml:namespace>
CRUDE: Oct WTI $95.02/bbl, up 40 cents/bbl; Oct BRENT $113.24/bbl, up 59 cents/bbl
Crude prices strengthened in afternoon trade, supported by a weaker US dollar. Traders also awaited a speech by the US Federal Reserve chairman Ben Bernanke later on Friday that could indicate a possible further round of monetary stimulus, which is expected to encourage upward movement in crude and other commodities.
NAPHTHA: $985.00-987.00/tonne CFR
Open-spec prices for the first-half October contract rose during the afternoon session as Brent crude futures increased to above $113/bbl.
BENZENE: $1,160-1,180/tonne FOB
Bids for October-loading lots were at $1,160-1,165/tonne FOB
TOLUENE: $1,130-1,140/tonne FOB
Prices were stable-to-firm on the back of higher bids for October shipment lots at $1,135-1,136/tonne FOB
ETHYLENE: $1,300-1,350/tonne CFR NE Asia, steady
A deal was heard done at $1,350/tonne CFR China for a 3,000- to 3,500-tonne cargo of northeast Asian origin for arrival in the second half of September. Majority of the bids were capped at $1,300-1,320/tonne CFR China/Taiwan.
PROPYLENE: $1,390-1,415/tonne CFR NE Asia, down $10/tonne at the low end
Selling ideas for October cargoes were at the low-$1,400/tonne CFR NE Asia levels, while buying ideas were capped at $1,390/tonne CFR NE Asia.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections