NOON SNAPSHOT Asia Markets Summary

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

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

CRUDE: Jan WTI $93.45/bbl, down 23 cents/bbl; Jan BRENT $110.91/bbl, up 3 cents/bbl
US WTI crude futures softened following a larger-than-expected rise in domestic crude stocks. Brent crude edged higher amid a softer US dollar. 

NAPHTHA:  $976.00-979.00/tonne CFR Japan, up  $4.50-6.50/tonne
Open-spec first-half January prices edged higher, supported by slight improvement in crack values.

BENZENE: $1,294-1,315/tonne FOB Korea, up $9-15/tonne
Two deals for February cargoes were concluded at $1,280-1,281/tonne FOB Korea. February offers were at $1,280/tonne FOB Korea. January parcels were offered at $1,305/tonne FOB Korea, against bids at $1,290-1,296/tonne FOB Korea.

TOLUENE: $1,163-1,177/tonne FOB Korea, up $5-7/tonne
A February-lifting parcel changed hands at $1,178/tonne FOB Korea in the morning session. Offers were at $1,185/tonne FOB Korea against bids at $1,173-1,181/tonne FOB Korea. January-lifting parcels were offered at $1,177/tonne FOB Korea against bids at $1,173/tonne FOB Korea.

ETHYLENE: $1,370-1,385/tonne CFR NE Asia, stable
Buying ideas were rangebound in the mid- to high-$1,300/tonne CFR NE Asia levels for second-half December and January-arrival shipments

PROPYLENE: $1,465-1,475/tonne CFR NE Asia, unchanged
A Korean producer sold via a tender late on Tuesday a second-half December shipment on a floating price basis.

By: Staff Reporter
+44 20 8652 3214

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