NOON SNAPSHOT - Asia Markets Summary

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

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

CRUDE: March WTI $95.55/bbl, down 31 cents/bbl; April BRENT $117.47bbl, up 9 cents/bbl
Oil prices were mixed in early Asian trade following the US President’s Day holiday on Monday.

NAPHTHA: $1,023-1026/tonne CFR Japan, down $27.50-28.50/tonne
Open spec first-half April contract fell on the back of overall weaker crude.   

BENZENE: $1,395-1,405/tonne, stable
Two deals were closed at $1,387-1,390/tonne FOB Korea for May loading in the morning session. Offers for April cargoes were at $1,400/tonne FOB Korea against bids at $1,390/tonne FOB Korea.

TOLUENE: $1,300-1,310/tonne, stable        
Offers for both April and May cargoes were at $1,325/tonne FOB Korea, but there were no bidders. Prior to that, offers for April loading at $1,330/tonne FOB Korea were countered with bids at $1,310/tonne FOB Korea.

ETHYLENE: $1,400-1,420/tonne CFR NE Asia, stable
Selling ideas were stable at around $1,450/tonne CFR NE Asia against buying interest that is hovering close to $1,400/tonne CFR NE Asia.

PROPYLENE: $1,400-1,420/tonne CFR NE Asia, stable
Selling indications at $1,450-1,460/tonne CFR NE Asia generally failed to attract end-users who capped their buying interest at the low $1,400s/tonne CFR NE Asia.

By: Staff Reporter
+44 20 8652 3214

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