30 October 2012 10:09 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Tuesday’s end-of-day ?xml:namespace>
CRUDE: Dec WTI $85.64/bbl, up 10 cents/bbl; Dec BRENT $109.38/bbl, down 6 cents/bbl
Crude futures recouped some losses in afternoon trade, with WTI moving into positive territory, while ICE Brent was trading at a small discount. Crude values firmed on reports that damage from “super storm”
NAPHTHA: $964.00-965.00/tonne CFR
Open-spec prices for the first half of December contract extended gains in the afternoon. The spread between the second-half December contract and the second-half March contract was done at $40/tonne.
BENZENE: $1,295-1,315/tonne FOB
Market players covering short positions placed higher bids, while supply remains tight in the region. A deal for a December-loading cargo was concluded at $1,297/tonne FOB Korea, while a January-loading lot changed hands at $1,272/tonne FOB Korea. Discussions for November-loading lots remained scarce.
TOLUENE: $1,215-1,230/tonne FOB
Short-covering pushed up prices. Bids for December-loading lots were at $1,205-1,215/tonne FOB
ETHYLENE: $1,340-1,370/tonne CFR NE Asia, steady
Trade was hindered by a wide big-offer gap, with bids capped in the low- $1,300/tonne CFR China levels on the back of depressed derivative pricing. Suppliers however, were not in a hurry to sell below $1,350-1,370/tonne CFR China on account of limited spot availability.
PROPYLENE: $1,350-1,360/tonne CFR NE Asia, stable
Discussions were thin in the afternoon. Selling ideas remained at around $1,360-1,370/tonne CFR NE Asia, while buying ideas were at around $1,350/tonne CFR NE Asia or below.
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