EVENING SNAPSHOT - Asia Markets Summary

22 February 2013 10:00  [Source: ICIS news]

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

CRUDE: Apr WTI $93.20/bbl, up 36 cents/bbl; Apr BRENT $114.46/bbl, up 93 cents/bbl
Crude values firmed in the afternoon trade, supported by a softer US dollar and a resurgence of buying interest following sharp falls over the course of the week.

NAPHTHA: $998.00-1,000.00/tonne CFR Japan, up $3.50-4.50/tonne
Open-spec first-half April contract rebounded in afternoon trading in tandem with crude futures.

BENZENE: $1,395-1,405/tonne FOB Korea, up $5-10/tonne
Market firmed towards the close of trading. A regional trader booked three April lots at $1,400/tonne FOB Korea, while another April cargo was sealed at the same price. Prior to the April deals, a May parcel exchanged hands at $1,390/tonne FOB Korea.

TOLUENE: $1,285-1,295/tonne FOB Korea, up $10/tonne
A fixture was closed at $1,295/tonne FOB Korea before open market trading. Subsequently, offers were limited, with bids for April loading at $1,295-1,298/tonne FOB Korea.

ETHYLENE: $1,420-1,430/tonne CFR NE Asia, stable
No CFR NE Asia deals were located, but two 3,000- to 5,000-tonne spot cargoes from Taiwan for first-half and second-half March loading were heard done at $1,400-1,410/tonne FOB NE Asia. This could not be immediately confirmed.

PROPYLENE: $1,410-1,430/tonne CFR NE Asia, down $10/tonne
Discussions to sell a second-half March arrival spot cargo were underway at $1,405/tonne CFR China although this could not be immediately confirmed.

By: Staff Reporter
+44 20 8652 3214

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