NOON SNAPSHOT - Asia Markets Summary

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

SINGAPORE (ICIS)--Here is Friday’s midday Asia oil and chemical markets summary.

CRUDE: Mar WTI $96.10/bbl, up 27 cents; Mar BRENT $117.60/bbl, up 36 cents
Crude oil futures tracked Asian shares that inched higher in the morning session on the back of positive China trade data.

NAPHTHA: $1,034.00-1,037.00/tonne CFR Japan, down $0.50 -$1.50/tonne
Open-spec second-half March contract retreated in morning trading, tracking overnight losses in US crude futures.

BENZENE: $1,425-1,430/tonne FOB Korea, up $10/tonne at the low end
Bids for March loading were at $1,420-1,425/tonne FOB Korea, but there were no offers. Offers for May cargoes were at $1,450/tonne FOB Korea, against bids at $1,410/tonne FOB Korea

TOLUENE: $1,315-1,330/tonne, down $5/tonne at the low end, up $5/tonne at the high end
Offers for first-half loading were at $1,330/tonne FOB Korea amid limited buying interest. Bids for both April and May parcels were at $1,330/tonne FOB Korea.

ETHYLENE: $1,400-1,420/tonne CFR NE Asia, up $10-20/tonne
A 2,300-3,000-tonne regional spot cargo for second-half March arrival changed hands at around $1,420/tonne CFR China.

PROPYLENE: $1,400-1,420/tonne CFR NE Asia, stable
Buyers generally retreated to the sidelines ahead of the Lunar New Year holidays. Selling interest at above $1,420/tonne CFR NE Asia failed to attract interest from end-users.

By: Staff Reporter
+44 20 8652 3214

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