17 September 2012 11:32 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Monday’s end-of-day ?xml:namespace>
CRUDE: Oct WTI $98.83/bbl, down 17 cents/bbl; Nov BRENT $116.36/bbl, down 30 cents/bbl
Crude futures softened in afternoon trade, giving back gains made earlier in the day amid a firmer US dollar. However, the US Federal Reserve’s recent announcement of a further round of monetary stimulus limited downside pressure in the oil markets.
NAPHTHA: $991.00-993.00/tonne CFR
Open-spec prices for the first-half November contract slid in the afternoon, following two cash trades. BP sold a first-half December cargo to Shell at $981/tonne CFR Japan, while Vitol sold a first-half December cargo to Socar at $981/tonne CFR Japan.
BENZENE: $1,270-1,280/tonne FOB
Prices rose on the back of tight supply. Second-half October-loading lots were offered at $1,280/tonne FOB Korea against bids at $1,250-1,270/tonne FOB Korea, while November-loading lots were offered at $1,245/tonne FOB Korea against bids at $1,240-1,250/tonne FOB Korea.
TOLUENE: $1,225-1,240/tonne FOB
Toluene prices firmed further on the back of stronger bids and offers. A deal for an October-loading cargo was concluded at $1,260/tonne CFR China. Second-half October-loading lots were offered at $1,250/tonne FOB
ETHYLENE: $1,270-1,320/tonne CFR NE Asia, stable
Northeast Asian cracker operators have mostly halted offers given a wide buy-sell spread. Selling notions remained targeted at $1,350/tonne CFR NE Asia and above, but there are no active discussions.
PROPYLENE: $1,380-1,400/tonne CFR NE Asia, unchanged
Selling ideas for October cargoes were at $1,400-1,410/tonne CFR NE Asia against buying ideas at $1,370-1,380/tonne CFR NE Asia. A cracker operator sold an end-October/early November loading cargo at $1,320/tonne FOB
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