NOON SNAPSHOT - Asia Markets Summary

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

SINGAPORE (ICIS)--Here is Wednesday’s midday Asia oil and chemical markets summary.

CRUDE: Jan WTI $87.16/bbl, down 2 cents/bbl; Jan BRENT $109.90/bbl, up 3 cents/bbl
Crude futures were rangebound in the morning trade after losing ground the previous day amid worries over the economic outlook in the US and uncertainty over the nation’s budget.

NAPHTHA: $938.50-941.50/tonne CFR Japan, down $8.00-9.00/tonne
Open-spec first-half January contract edged lower in the morning trade on the back of rising supply.

BENZENE: $1,430-1,440/tonne FOB Korea, stable
Spread bids for January and February-loading cargoes were at $40-45/tonne FOB Korea.

TOLUENE: $1,310-1,325/tonne FOB Korea, steady
The market was quiet with only a spread bid of $22/tonne FOB Korea heard for January and February-loading cargoes.

ETHYLENE: $1,160-1,180/tonne CFR NE Asia, unchanged
Buying ideas were mentioned at $1,150-1,170/tonne CFR NE Asia for December-arrival cargoes but firm offers were limited.

PROPYLENE: $1,320-1,340/tonne CFR NE Asia, down by $10-20/tonne
Sporadic selling ideas were heard at around $1,350/tonne CFR NE Asia or above, against buying ideas at the low $1,300s/tonne CFR NE Asia.

By: Staff Reporter
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly