27 April 2009 09:01 [Source: ICIS news]
The premium was $35-39/tonne to ?xml:namespace>
The cargo was sold to Chevron and was likely destined for the company’s Korean operations.
The tender had offered a 27,000-tonne cargo of high aromatics naphtha for loading over 25-29 May from
Bharat previously sold a similar parcel at a record high of $49.88/tonne to
Demand for heavy naphtha remained healthy from Korean, Japanese and Chinese refiners, who will use it for either motor-gasoline blending or the aromatics pool.
There is currently a shortage of the feedstock, as producers have been keeping it for captive use.
In comparison, premiums for recent deals of paraffinic and full-range material were only at $10-11/tonne to Middle East quotes FOB
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