NOON SNAPSHOT - Asia Markets Summary

23 November 2012 04:00  [Source: ICIS news]

SINGAPORE (ICIS)--Here is Friday’s midday Asia oil and chemical market summary from ICIS.

CRUDE: WTI JAN $87.12/bbl, down 26 cents; BRENT JAN $110.26/bbl, down 29 cents
Crude futures softened on Friday morning amid a continued ceasefire between Israel and Hamas as well as lingering worries over the eurozone debt crisis.

NAPHTHA: $932-935/tonne CFR Japan, down $3-4/tonne
Open-spec first-half January contract edged lower on Friday morning in tandem with global crude futures.

BENZENE: $1,372-1,390/tonne FOB Korea, stable
Discussions for December and January-loading cargoes were limited. Offers for February-loading lots were at $1,345-1,350/tonne FOB Korea, meeting bids at $1,330-1,338/tonne FOB Korea.

TOLUENE: $1,275-1,285/tonne FOB Korea, down $10/tonne
Offers for December and January-loading cargoes were limited, with bids for second-half December-loading lots at $1,265/tonne FOB Korea and January-loading lots at $1,265/tonne FOB Korea. Meanwhile, February-lifting cargoes were offered at $1,270/tonne FOB Korea against bids at $1,255/tonne FOB Korea.

ETHYLENE: $1,160-1,180/tonne CFR NE Asia, down $20-30/tonne
A deal was concluded at $1,180/tonne CFR China for a 3,500-4,500 tonne cargo for mid December arrival. The cargo’s origin is not specified but it could be from northeast Asia or the Middle East.

PROPYLENE: $1,340-1,350/tonne CFR NE Asia, stable
Selling ideas for December cargoes were at around $1,350/tonne CFR NE Asia against buying ideas at $1,330-1,340/tonne CFR NE Asia.

For more pricing intelligence, please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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