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.
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