20 November 2012 03:46 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Tuesday’s midday ?xml:namespace>
CRUDE: WTI Jan $89.15/bbl, down 13 cents; BRENT Jan $111.71/bbl, up 1 cents/bbl
Crude futures were range-bound on Tuesday after large gains made in the previous day. Upside pressure, driven by an escalation of violence in Middle East and hopes of a resolution in the
NAPHTHA: $960.50-963.50/tonne CFR
Open-spec first-half January contracts rose in the morning, following overnight gains in crude futures.
BENZENE: $1,370-1,380/tonne FOB
Prices were higher on the back of stronger Brent crude futures from the previous day’s close. A deal for a February-loading cargo was done at $1,330/tonne FOB Korea, while January-loading lots were offered at $1,365-1,380/tonne FOB Korea against bids at $1,350-1,360/tonne FOB Korea. Discussions for December-loading lots were limited.
TOLUENE: $1,265-1,275/tonne FOB
Prices firmed in tandem with higher Brent crude futures from the previous day’s close. Bids for January-loading cargoes were at $1,255/tonne FOB
ETHYLENE: $1,200-1,250/tonne CFR NE Asia, stable
Some buyers shunned offers at $1,250/tonne CFR NE Asia and lowered their buying ideas to below $1,200/tonne CFR Taiwan for December-arrival cargoes, citing affordability issues given poor derivative market conditions.
PROPYLENE: $1,350-1,360/tonne CFR NE Asia, stable
Buying ideas for December cargoes were capped at $1,350/tonne CFR NE Asia, although sellers made offers at $1,360/tonne CFR NE Asia or above.
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