EVENING SNAPSHOT Asia Markets Summary

01 November 2013 10:00  [Source: ICIS news]

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

CRUDE: Dec WTI $96.42/bbl, up 4 cents/bbl;  Dec BRENT $108.85/bbl, up 1 cent/bbl
Crude futures were trading a few cents above the previous close, as positive manufacturing data from China was offset by a firmer US dollar.

NAPHTHA: $954.50-956.50/tonne CFR Japan, up $6.50-7.50/tonne
Open-spec first-half December prices rose in afternoon trading, reversing mild losses earlier owing to active trades. The first half of January contract was done thrice at $946/tonne, as well as at $947/tonne and at $948/tonne.

BENZENE: $1,225-1,235/tonne FOB Korea, stable
December negotiations narrowed to $1,225-1,235/tonne FOB Korea from $1,220-1,240/tonne FOB Korea over the afternoon session. January offers hovered at $1,212-1,215/tonne FOB Korea, countered with bids at $1,203-1,205/tonne FOB Korea. December-January were negotiated at a backwardation of $19-25/tonne FOB Korea.

TOLUENE: $1,103-1,110/tonne FOB Korea, up $5-6/tonne           
Two December cargoes were booked at $1,103-1,108/tonne FOB Korea, while three January cargoes were sealed at $1,103-1,110/tonne FOB Korea.

ETHYLENE: $1,390-1,410/tonne CFR NE Asia, stable
Selling indications in the low-$1,400/tonne CFR NE Asia levels for December shipments were countered by buying ideas at $1,350-1,400/tonne CFR NE Asia.

PROPYLENE: $1,460-1,480/tonne CFR NE Asia, up $10/tonne at the high end
Selling ideas for December shipment were heard at $1,480-1,485/tonne CFR NE Asia, while buying ideas at $1,460-1,470/tonne CFR NE Asia.

By: Staff Reporter
+44 20 8652 3214

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