NOON SNAPSHOT - Asia Markets Summary

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

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

CRUDE: Apr WTI $94.58/bbl, down 64 cents/bbl; Apr BRENT $115.20/bbl, down 40 cents/bbl
Crude oil prices were lower in early Asian trading, extending losses seen in the previous session which saw NYMEX WTI shedding nearly $2/bbl.

NAPHTHA: $1,008.50-1,011.50/tonne CFR Japan, down $16-17/tonne
Open-spec first-half April contract fell in morning trading, undermined by global crude losses.

BENZENE: $1,390-1,405/tonne FOB Korea, down $5-15/tonne
Offers for April lots were at $1,405-1,410/tonne FOB Korea, against bids at $1,385/tonne FOB Korea. For May, offers were $1,399/tonne FOB Korea, countered by bids at $1,375/tonne FOB Korea.

TOLUENE: $1,285-1,290/tonne FOB Korea, down $5-8/tonne
Offers for second-half March lots were at $1,285-1,290/tonne FOB Korea, but there was no strong buying interest. For April and May, offers were at $1,305/tonne FOB Korea.

ETHYLENE: $1,420-1,430/tonne CFR NE Asia, stable
Selling interest at least around $1,450/tonne CFR NE Asia generally failed to entice end-users who capped their interest at the low-$1,400s/tonne CFR NE Asia.

PROPYLENE: $1,410-1,430/tonne CFR NE Asia, stable
Buyers retreated to the sidelines amid high offers at close to $1,450/tonne CFR NE Asia and no fresh deals were heard done.

By: Staff Reporter
+44 20 8652 3214

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