NOON SNAPSHOT - Asia Markets Summary

28 January 2013 04:13  [Source: ICIS news]

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

CRUDE: WTI MAR $95.94/bbl up 6 cents; BRENT MAR $113.18/bbl down 10 cents
Crude prices were rangebound but remained close to highs for the year on the back of  positive economic data from Europe and tensions in the Middle East and North Africa.  

NAPHTHA: $987.50-990.50/tonne CFR Japan, up $0.50-$1.50/tonne
Open-spec first-half March contract edged up in morning trading in line with crude futures.

BENZENE: $1,375-1,385/tonne FOB Korea, down $24-25/tonne
The market opened on a soft note, undermined by weaker overseas markets. A bid for second-half February was at $1,375/tonne FOB Korea. Offers for March cargoes were at $1,380/tonne FOB Korea, against bids at $1,375/tonne FOB Korea.

TOLUENE: $1,275-1,290/tonne FOB Korea, down $10-15/tonne
Discussions for second-half loading was limited, with offers for March cargoes at $1,290/tonne FOB Korea that were countered by bids at $1,275/tonne FOB Korea.

ETHYLENE: $1,350-1,400/tonne CFR NE Asia, stable
Buyers were largely covered by term or domestic supplies and no deals were heard.

PROPYLENE: $1,310-1,335/tonne CFR NE Asia, stable
Buying ideas were unchanged at the low $1,300s/tonne CFR NE Asia and there remained limited interest in offers/selling ideas at close to $1,350/tonne CFR NE Asia.

For more pricing intelligence, please visit ICIS pricing

By: Staff Reporter
+44 20 8652 3214

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