EVENING SNAPSHOT Asia Markets Summary

26 September 2013 11:00  [Source: ICIS news]

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

CRUDE: Nov WTI $102.71/bbl, up 5 cents/bbl; Nov BRENT $108.68/bbl, up 36 cents/bbl
Crude futures firmed in the afternoon amid renewed buying interest following recent price falls. Prices had fallen earlier on following an unexpected large build in US crude stocks and an easing of Middle East tensions and supply fears.

NAPHTHA: $913.75-915.75/tonne CFR Japan, up $3.00-4.00/tonne
Open-spec first-half November prices rebounded in afternoon trading, in line with crude futures.

BENZENE: $1,275-1,282/tonne FOB Korea, down $1-3/tonne
A December deal was done at $1,282/tonne FOB Korea. December offers were previously quoted at $1,284-1,287/tonne FOB Korea amid no keen buyers. November bids were hovering at $1,275-1,280/tonne FOB Korea, with no counter offers.

TOLUENE: $1,125-1,134/tonne FOB Korea, down $2/tonne at the low end, up $1/tonne at the high end
November bids were at $1,129-1,130/tonne FOB Korea, countered with earlier offers at $1,134/tonne FOB Korea. For December, bids were at $1,132-1,134/tonne FOB Korea, with offers at $1,136/tonne FOB Korea.

ETHYLENE: $1,350-1,380/tonne CFR NE Asia, up $20/tonne at the high end
Selling indications at $1,400/tonne CFR NE Asia and above for mid/second-half October arrival were met with buying interest at close to $1,350/tonne CFR NE Asia.

PROPYLENE: $1,440-1,460/tonne CFR NE Asia, up $5/tonne at the high end
A mid-October delivery cargo was traded into China at $1,460/tonne CFR NE Asia.


By: Staff Reporter
+44 20 8652 3214



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