Naphtha and benzene steady in Asia

Crude oil has moved up in Asia as the market awaits weekly inventory data in the US. Asian naphtha prices opened steady on Wednesday according to ICIS pricing. H1- June price indications were pegged at US$443-446/ton CFR (cost and freight) Japan, H2-June prices at US$440.50-443.50/ton CFR Japan and H1-July at US$439-442.00/ton CFR Japan. ICIS reports that midweek, benzene prices remained at $570-580/ton FOB (free on board) Korea despite an overnight hike in crude values to above US$48/bbl. Offers for June parcels at $588-590/ton FOB Korea were countered by bids at $560-571/ton FOB Korea.
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