15 October 2012 11:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Monday’s end-of-day ?xml:namespace>
CRUDE: WTI Nov $91.54/bbl down 32 cents; BRENT Nov $114.47/bbl, down 15 cents
Crude futures were lower but had regained much of the ground lost the previous session on the back of a softer US dollar. Downward pressure generated by concerns over the economic strength of the
NAPHTHA: $973.50-975.50/tonne CFR
Open-spec prices for the second-half November contract extended crude-led losses in the afternoon. However, the backwardation between the second half of November and the second half of December contracts remained at a steep spread of $14/tonne.
BENZENE: $1,250-1,270/tonne FOB
Benzene prices were assessed as stable-to-weak on the back of weaker crude futures and limited discussions in the market. A deal was done earlier in the day at $1,223/tonne FOB Korea for a January-loading lot, while offers for December-loading cargoes were at $1,244-1,245/tonne FOB Korea against bids at $1,225-1,230/tonne FOB Korea.
TOLUENE: $1,220-1,240/tonne FOB
Discussions were limited in the afternoon session. January-loading cargoes were offered at $1,210/tonne FOB
ETHYLENE: $1,300-1,350/tonne CFR NE Asia, steady
Offers at a steady $1,350-1,400/tonne CFR NE Asia for November arrival cargoes sidelined Chinese buyers who chose to adopt a wait-and-see stance on account of adequate term cargoes. Bids were capped at around $1,300/tonne CFR China.
PROPYLENE: $1,320-1,350/tonne CFR NE Asia, up $20/tonne on low end
Selling ideas were heard at around $1,350/tonne CFR NE Asia, while buying ideas were capped at the low $1,300s/tonne CFR NE
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