NOON SNAPSHOT - Asia Markets Summary

29 April 2013 05:00  [Source: ICIS news]

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

CRUDE: June WTI $92.58/bbl, down 42 cents/bbl; June BRENT $102.65/bbl, down 51 cents/bbl
Crude futures softened in Asian morning trade following disappointing first-quarter growth data from the US that raised oil demand concerns.

NAPHTHA: $859-862/tonne CFR Japan, down $2-3/tonne
Open-spec first-half June contract eased in morning trading on the back of lower crude futures.

BENZENE: $1,303-1,310/tonne FOB Korea, unchanged
Discussions were subdued as Chinese market players were out of the market. A sole bid for June cargoes was at $1,300/tonne FOB Korea, while July-loading lots were offered at $1,300-1,305/tonne FOB Korea against bids at $1,290-1,295/tonne FOB Korea.

TOLUENE: $1,130-1,150/tonne FOB Korea, stable
A sole buying indication for July shipment at $1,135/tonne FOB Korea met offers at $1,155/tonne FOB Korea. Trading activity was subdued as China was away for Labour Day holidays.

ETHYLENE: $1,170-1,190/tonne CFR NE Asia, flat
No fresh trades were heard as buyers in the region were mostly covered for May.

PROPYLENE: $1,300-1,310/tonne CFR NE Asia, unchanged
Discussions on a CFR basis were thin amid holidays in the region. Selling ideas for June- loading cargoes from South Korea were heard at above $1,250/tonne FOB NE Asia.

By: Staff Reporter
+44 20 8652 3214

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