20 May 2009 08:52 [Source: ICIS news]
HPCL previously sold a smaller 20,000 tonne parcel at a discount of $7-8/tonne (€5.1-5.8/tonne) to Middle East quotes FOB (free on board) Mumbai for lifting over 25-27 May.
This steep discount, however, could not be considered reflective of market conditions due to the small size of the cargo which will have higher freight costs. The minimum requirement for loading a vessel is 30,000 tonnes.
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|
Asian Chemical Connections