Last Updated: 12/25/2006 3:11:00 PM

ITEM	OUTRIGHT
	PERIOD	PRICE
CFR FAR EAST	2ND HALF OF OCT 1ST HALF OF NOV 2ND HALF OF NOV 1ST HALF OF DEC 2ND HALF OF DEC	630.50 (N) / 633.50 (N) 629.50 (N) / 632.50 (N) 628.75 (N) / 631.75 (N) 628.25 (N) / 631.25 (N) 627.25 (N) / 630.25 (N)
CIF NWE	OCT NOV DEC	596.00 / 598.00 603.00 / 605.00 607.00 / 609.00
FOB SPR	OCT NOV DEC	66.65 (N) / 66.85 (N) 66.65 (N) / 66.85 (N) 66.65 (N) / 66.85 (N)

ITEM	SPREAD
	PERIOD	PRICE
CFR FAR EAST	1ST SEP / 1ST OCT 2ND SEP / 2ND OCT 1ST OCT / 1ST NOV 2ND OCT / 2ND NOV 1ST NOV / 1ST DEC	1.00 (N) / 2.25 (N) 1.00 (N) / 2.25 (N) 0.75 (N) / 1.50 (N) 0.75 (N) / 1.50 (N) 0.75 (N) / 1.50 (N)
CIF NWE	OCT / NOV NOV / DEC DEC / JAN	-4.00 / -2.00 -4.00 / -2.00 -4.60 / -4.40
FOB SPR	OCT / NOV NOV / DEC DEC / JAN	-0.05 (N) / 0.15 (N) -0.05 (N) / 0.10 (N) 0.05 (N) / 0.15 (N)

MARKET COMMENTS

• CIF NWE NAPHTHA PRICE: BRENT CRUDE JUN AT 70.80, JUL AT 71.48, AUG AT 72.14
• WTI CRUDE JUN AT 70.50, JUL AT 71.90, AUG AT 72.90