NOON SNAPSHOT Asia Markets Summary

22 November 2013 04:00  [Source: ICIS news]

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

CRUDE: Jan WTI $95.18/bbl, down 26 cents/bbl; Jan BRENT $109.89/bbl, down 19 cents/bbl
Crude was trading slightly lower as traders took profit following the substantial rise in prices in the previous session which was triggered by better-than-expected US jobs data and concerns over falls in US heating oil stocks.

NAPHTHA: $973.75-976.75/tonne CFR Japan, up $13.50-14.50/tonne
Open-spec first-half January prices rose on robust overnight gains in crude futures.

BENZENE: $1,287-1,296/tonne FOB Korea, up $17/tonne
Prices increased on the back of strong overnight gains in crude futures. Three January deals were settled at $1,283-1,288/tonne FOB Korea. February was discussed at $1,280-1,285/tonne FOB Korea.

TOLUENE: $1,148-1,165/tonne FOB Korea, up $3-5/tonne
Discussions were subdued in the morning session. January offers were at $1,165/tonne FOB Korea against bids at $1,158/tonne FOB Korea. For February, bids were at $1,160/tonne FOB Korea with no counter offer.

ETHYLENE: $1,370-1,385/tonne CFR NE Asia, stable
A shipment of 3,000-3,500 tonnes for mid-to-second half December arrival was sold into China on a floating price basis.

PROPYLENE: $1,465-1,475/tonne CFR NE Asia, flat
A Japanese producer sold late on Thursday a second-half December shipment at $1,472/tonne CFR China Main Port (CMP).

By: Staff Reporter
+44 20 8652 3214

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