EVENING SNAPSHOT - Asia Markets Summary

Source: ICIS News

2018/10/12

SINGAPORE (ICIS)--Asia evening snapshot Friday 12 October 2018.

Product Latest Previous Change
Brent December 81.04 80.26 0.78
WTI November 71.76 70.97 0.79
Naphtha 685.50 695.50 -10.00
Benzene 828.00 832.50 -4.50
Toluene 820.00 822.50 -2.50
Ethylene 1,125.00 1,120.00 5.00
Propylene 1,187.50 1,185.00 2.50
Styrene 1,377.50 1,372.50 5.00

CRUDE: Higher following a sharp decline the previous day; supply concerns remain but have eased amid increased US crude stocks and worries over global growth.

NAPHTHA (CFR JAPAN): H2 November prices tracked falls in crude oil futures overnight.

BENZENE (FOB KOREA): Down on weak crude futures overnight.

TOLUENE (FOB KOREA): Softer on lower buying indications for China imports.

ETHYLENE (CFR NE ASIA): Deals hampered by buy-sell gap.

PROPYLENE (CFR NE ASIA): Up on healthy demand in China.

STYRENE MONOMER (CFR CHINA): Up on increased buying interest after China futures market started to stabilise.

The snapshot is compared with the previous evening. Chemicals prices are the mid-point of a range in $/tonne.