EVENING SNAPSHOT - Asia Markets Summary

01 May 2013 11:00  [Source: ICIS news]

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

CRUDE: Jun WTI $92.57/bbl, down 89 cents/bbl; Jun BRENT $101.47/bbl, down 90 cents/bbl
Crude futures lost some ground in the afternoon trade amid weak sentiment caused by poor economic data from China. China’s purchasing managers’ index (PMI) fell to 50.6 in April from a 11-month high of 50.9 in March.

NAPHTHA: No trades as the Singapore market is closed to a public holiday.

BENZENE: $1,302-1,310/tonne FOB Korea, stable
Market stayed quiet in the absence of spot trades because of a public holiday in most of Asia.

TOLUENE: $1,130-1,150/tonne FOB Korea, unchanged
Players were mostly out of the market.

ETHYLENE: $1,170-1,190/tonne CFR NE Asia, stable
No CFR trades were heard while selling indications were unchanged at the high-$1,100s/tonne to $1,200/tonne CFR NE Asia.

PROPYLENE: $1,300-1,310/tonne CFR NE Asia, stable
Discussions were muted as sellers were waiting for the China market to reopen on 2 May for business. Selling indications were unchanged at above $1,300/tonne CFR NE Asia.

By: Staff Reporter
+44 20 8652 3214

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