EVENING SNAPSHOT Asia Markets Summary

03 June 2013 11:00  [Source: ICIS news]

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

CRUDE: July WTI $92.03/bbl, up 6 cents/bbl; July BRENT $100.64/bbl, up 25 cents/bbl
Crude prices reversed earlier losses in the afternoon session on renewed worries  over supply disruption following reports that Iran is expanding its nuclear programme.

NAPHTHA: $849.00-851.00/tonne CFR Japan, up $4.50-5.50/tonne
Open-spec second-half July prices pared earlier losses, rebounding in tandem with crude futures.

BENZENE: $1,275-1,277/tonne FOB Korea, down $8/tonne at the high end
Two July cargoes were bought by a trader at $1,275/tonne FOB Korea in the afternoon session. Subsequently, an August lot and a September parcel were concluded at $1,268/tonne FOB Korea.

TOLUENE: $1,118-1,125/tonne FOB Korea, up $3/tonne at the low end, down $5/tonne at the high end
An August lot was closed at $1,125/tonne FOB Korea in the afternoon session, with a July cargo settled at $1,124/tonne FOB Korea.

ETHYLENE: $1,195-1,220/tonne CFR NE Asia, steady
A 3,300- to 3,500-tonne regional spot cargo was heard sold at $1,130/tonne FOB Japan for first-half July loading.

PROPYLENE: $1,350-1,365/tonne CFR NE Asia,  stable
Sporadic buying interest for first-half July arrival remained capped at around $1,350/tonne CFR NE Asia, while selling ideas were at the high-$1,300/tonne CFR NE Asia levels.

By: Staff Reporter
+44 20 8652 3214

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