NOON SNAPSHOT - Asia Markets Summary

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

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

CRUDE: Apr WTI $91.32/bbl, down 24 cents/bbl; Apr BRENT $110.80/bbl, down 35 cents/bbl
Crude prices softened in the morning trade amid a firmer US dollar and oil demand concerns after data revealed crude imports by China were lower than a year ago.

NAPHTHA: $955.50-958.50/tonne Japan, up $0.50-$1.50/tonne
Open-spec second-half April contract rose in morning trading, supported by stable regional demand.

BENZENE: $1,317-1,325/tonne FOB Korea, down $43-45/tonne
Two May deals were closed at $1,300/tonne FOB Korea, with two others subsequently booked at $1,292-1,293/tonne FOB Korea.

TOLUENE: $1,185-1,190/tonne FOB Korea, down $20-26/tonne
A May parcel was transacted at $1,180/tonne FOB Korea. Subsequently, offers for May loading were made at $1,190/tonne FOB Korea, against bids at $1,170-1,175/tonne FOB Korea. A separate bid for April was at $1,185/tonne FOB Korea.

ETHYLENE: $1,330-1,350/tonne CFR NE Asia, stable
Buying ideas were heard mainly at the low-$1,300/tonne CFR NE Asia levels for April arrival, but no offers emerged.

PROPYLENE: $1,320-1,350/tonne CFR NE Asia, steady
Buying ideas were maintained at the low-$1,300/tonne CFR NE Asia levels, while selling indications for April arrival were mainly at $1,350/tonne CFR NE Asia and above.


By: Staff Reporter
+44 20 8652 3214



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