NOON SNAPSHOT - Asia Markets Summary

05 February 2013 04:00  [Source: ICIS news]

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

CRUDE: WTI MAR $96.01/bbl, down 16 cents; BRENT MAR $115.35/bbl, down 15 cents
Oil futures slipped in Asian morning trade on profit-taking following renewed concerns over the eurozone and a slightly firmer US dollar.

NAPHTHA: $1,002.50-1,005.50/tonne CFR Japan, down $7.50-8.50/tonne
Open-spec second-half March contract fell in tandem with global crude futures.

BENZENE: $1,395-1,405/tonne FOB Korea, down $5/tonne low end
Bids emerged lower in the morning session, as buying sentiment weakened ahead of the Lunar New Year. Bids for March cargoes were at $1,390/tonne FOB Korea against offers at $1,413-1,415/tonne FOB Korea.

TOLUENE: $1,290-1,303/tonne FOB Korea, down $5/tonne low end
Bids for March, April and May cargoes were at $1,290/tonne FOB Korea. Offers of March parcels were at $1,303/tonne FOB Korea, while for April and May lots, offers were at $1,315/tonne FOB Korea.

ETHYLENE: $1,380-1,410/tonne CFR NE Asia, stable
Selling indications were generally unchanged at above $1,400/tonne CFR NE Asia while buyers were mostly covered and no firm discussions were heard.

PROPYLENE: $1,340-1,360/tonne CFR NE Asia, steady
Selling interest at as high as $1,400/tonne CFR NE Asia continued to draw muted interest from buyers, most of whom were at the sidelines ahead of the Lunar New Year holiday.

By: Staff Reporter
+44 20 8652 3214

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