NOON SNAPSHOT Asia Markets Summary

07 October 2013 05:00  [Source: ICIS news]

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

CRUDE: Nov WTI $103.34/bbl, down 50 cents/bbl; Nov BRENT $109.14/bbl, down 32 cents/bbl
Crude futures softened in Asian morning trade amid ongoing worries over oil demand from the US, following the partial shutdown of US government services.

NAPHTHA: $904.00-907.00/tonne CFR Japan, down $0.50/tonne at the low end, up $0.50/tonne at the high end
Open-spec second-half November traded at a wider range amid softer crude values.

BENZENE: $1,272-1,282/tonne FOB Korea, unchanged
Discussions for October and November-loading cargoes were subdued during the morning trading session. Bids for December-lifting parcels were at $1,260-1,263/tonne FOB Korea.

TOLUENE: $1,123-1,132/tonne FOB Korea, stable
Prices held steady on the back of limited discussions for October and November parcels in the morning session. A sole bid for a November-loading lot was at $1,126/tonne FOB Korea, while December shipment parcels were offered at $1,135-1,136/tonne FOB Korea against bids at $1,130/tonne FOB Korea.

ETHYLENE: $1,370-1,420/tonne CFR NE Asia, flat
Market players remained at the sidelines awaiting the re-opening of trade in the leading China market on 8 October. Selling indications were unchanged at above $1,400/tonne CFR NE Asia.

PROPYLENE: $1,430-1,450/tonne CFR NE Asia, steady
Selling ideas were heard at around $1,450/tonne CFR NE Asia, against buying ideas in the low-$1,400/tonne CFR NE Asia levels.

By: Staff Reporter
+44 20 8652 3214

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