NOON SNAPSHOT - Asia Markets Summary

10 December 2012 04:00  [Source: ICIS news]

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

CRUDE: Jan WTI $86.19/bbl, up 26 cents/bbl; Jan BRENT $107.48/bbl, up 46 cents/bbl
Crude futures prices firmed in the morning trade, supported by upbeat economic data from China.

NAPHTHA: $939.00-942.00/tonne CFR Japan, down $0.50/tonne at the low end; up $0.50/tonne at the high end
Open-spec second-half January contract saw a wider buy/sell range in the morning amid rising crude futures.

BENZENE: $1,455-1,475/tonne FOB Korea, down $10-20/tonne
Bids and offers for January-loading lots were lower. January-loading cargoes were offered at $1,460-1,465/tonne FOB Korea against bids at $1,440/tonne FOB Korea, while February-loading cargoes were offered at $1,440/tonne FOB Korea, meeting bids at $1,410-1,423/tonne FOB Korea.

TOLUENE: $1,360-1,370/tonne FOB Korea, stable
Discussions were limited for toluene cargoes in the morning session.

ETHYLENE: $1,200-1,250/tonne CFR NE Asia, stable
Few firm offers were heard in the morning, while buying ideas were capped at $1,200/tonne CFR NE Asia.

PROPYLENE: $1,315-1,335/tonne CFR NE Asia, stable
Buying ideas heard at the low $1,300s/tonne CFR NE Asia against few firm offers in the morning.


By: Staff Reporter
+44 20 8652 3214



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