02 April 2009 05:24 [Source: ICIS news]
The two cargoes are offered from Mumbai with lifting over 14-19 April and 20-29 April. The tender closes on 6 April with validity up to later the same day.
HPCL previously sold 30,000 tonnes of heavy full-range naphtha for lifting over 28-30 March at a premium of $40/tonne to
But such high premiums have fallen to $15-16/tonne as traders were wary of forking out too much on cargoes, not certain if the healthy downstream petrochemical demand from Chinese end-users will sustain, sources said.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|