NOON SNAPSHOT - Asia Markets Summary

Author: ICIS Editorial


SINGAPORE (ICIS)--Asia noon snapshot Thursday 08 November 2018.

Product Latest Previous Change
Brent January 72.01 72.07 -0.06
WTI December 61.73 61.67 0.06
Naphtha 564.50 576.50 -12.00
Benzene 677.50 687.50 -10.00
Toluene 747.50 747.50 0.00
Ethylene 915.00 915.00 0.00
Propylene 1040.00 1045.00 -5.00

CRUDE: Prices little changed from the previous close. Easing supply worries and concerns over a global economic slowdown still limiting upside.

NAPHTHA (CFR JAPAN): H2 December prices dipped amid limited discussions.

BENZENE (FOB KOREA): Down on weak Chinese market; Chinese major reduced list price by CNY 300 to CNY6,000/tonne.

TOLUENE (FOB KOREA): Stable on thin liquidity.

ETHYLENE (CFR NE ASIA): Sellers took a wait-and-see stance on hopes that prices may have bottomed out.

PROPYLENE (CFR NE ASIA): Down on falling domestic prices in China.

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