02 January 2013 04:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Wednesday’s midday Asia oil and chemical market summary from ICIS.CRUDE: WTI Feb $92.39/bbl, up 57 cents; BRENT Feb $111.60/bbl, up 49 cents
NAPHTHA: $955-958/tonne CFR Japan, down $2/tonne
Open-spec first-half February contract eased in morning trading on the back of concerns of soft petrochemical demand in the short term.
BENZENE: $1,482-1,492/tonne, up $7-12/tonne
Prices gained marginally, tracking the higher crude futures. Bids for February parcels were higher from 31 December close at $1,477/tonne FOB Korea, while bids for March cargoes were unchanged at $1,450-1,455/tonne FOB Korea
TOLUENE: $1,357-1,367/tonne, up $5/tonne low end
Prices narrowed on the back of higher bids for March shipments at $1,350-1,360/tonne FOB Korea. A counter offer for a bid at $1,350/tonne FOB Korea for March parcels was at $1,355/tonne FOB Korea.
ETHYLENE: $1,280-1,300/tonne CFR NE Asia, stable
Selling ideas for February-loading parcels were heard at a high of $1,300/tonne FOB NE Asia but discussions have yet to kick off amid the New Year holiday this week. No CFR trades were heard.
PROPYLENE: $1,290-1,310/tonne CFR NE Asia, stable
Buying ideas were generally unchanged at the high-$1,200s/tonne to $1,300/tonne CFR NE Asia for second-half January arrival while selling ideas were above $1,300/tonne CFR NE Asia.
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