EVENING SNAPSHOT - Asia Markets Summary

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

SINGAPORE (ICIS)--Here is Thursday’s end-of-day Asia oil and chemical markets summary.

CRUDE: Jan WTI $86.27/bbl, down 50 cents/bbl; Jan BRENT $109.01/bbl, down 49 cents/bbl
Crude futures prices continued to trade lower in the afternoon amid a weaker US dollar and after a further unexpected build in US crude stocks. A lack of progress in US budget talks also remained a concern.

NAPHTHA: $933.50-935.50/tonne CFR Japan, down $8.50-9.50/tonne
Open-spec second-half January contract fell in the afternoon, tracking falling crude futures.

BENZENE: $1,461-1,475/tonne FOB Korea, up $4-5/tonne
Bids for February-loading cargoes were at $1,455-1,460/tonne FOB Korea, while bids for March-loading lots were at $1,440/tonne FOB Korea. Bids for April-loading cargoes were at $1,405/tonne FOB Korea.

TOLUENE: $1,390-1,410/tonne FOB Korea, stable
Two deals were concluded for March-loading cargoes at $1,375/tonne and $1,380/tonne FOB Korea. February-loading lots were offered at $1,395-1,400/tonne FOB Korea, against bids at $1,380/tonne FOB Korea.

ETHYLENE: $1,250-1,300/tonne CFR NE Asia, up by $20/tonne
Selling ideas were heard at above $1,300/tonne CFR NE Asia against buying ideas at around $1,250/tonne CFR NE Asia or below. A 3,000-tonne cargo for January shipment was sold at $1,300/tonne CFR China.

PROPYLENE: $1,300-1,310/tonne CFR NE Asia, flat
Selling ideas for January cargoes were heard at the low-$1,300/tonne CFR NE Asia levels against buying ideas at $1,300/tonne CFR NE Asia. A number of deals for January shipment were heard done at $1,300-1,307/tonne CFR China.

By: Staff Reporter
+44 20 8652 3214

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