28 January 2013 10:00 [Source: ICIS news]
SINGAPORE (ICIS)--Here is Monday’s end-of-day Asia oil and chemical markets summary.
CRUDE: Mar WTI $95.92/bbl, up 4 cents/bbl; Mar BRENT $113.11/bbl, down 17 cents/bbl
Crude prices remained trading near the highs recorded so far this year ahead of a key US Federal Reserve meeting. Prices were underpinned by positive economic data from Europe, as well as by tensions in the Middle East and North Africa.
NAPHTHA: $986.50-988.50/tonne CFR Japan, down $1.00-2.00/tonne
Open-spec first-half March contract edged lower in afternoon trading on Brent crude futures dropped.
BENZENE: $1,382-1,385/tonne FOB Korea, up $7/tonne at the low end
Bids increased for second-half February-loading cargoes at $1,380-1,382/tonne FOB Korea. An April-loading cargo changed hands at $1,375/tonne FOB Korea, while March-loading lots were offered at $1,380-1,390/tonne FOB Korea against bids at $1,375-1,382/tonne FOB Korea.
TOLUENE: $1,285-1,290/tonne FOB Korea, up $10/tonne at the low end
Discussions for February cargoes were thin. March cargoes offered at $1,290-1,300/tonne FOB Korea, were countered by bids at $1,275-1,285/tonne FOB Korea. Prices for second-half February and March cargoes were at parity.
ETHYLENE: $1,350-1,400/tonne CFR NE Asia, stable
No CFR trades were heard. A Taiwanese producer currently has no spot cargoes for export after selling two parcels at $1,350/tonne FOB NE Asia earlier this month.
PROPYLENE: $1,310-1,335/tonne CFR NE Asia, steady
A concentrated arrival of imports into key China ports dampened buying appetite for spot cargoes. No deals were heard.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections