India’s BPCL sells H2 February naphtha at $26/tonne premium

10 February 2010 05:18  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Bharat Petroleum Corp (BPCL) has sold 30,000 tonnes of low aromatic naphtha at a premium of $26/tonne (€18/tonne) for lifting in the second half of February amid a demand slowdown in Asia, traders said on Wednesday.

The cargo, which was due for lifting from Mumbai on 19-23 February, was sold at a premium to Middle East quotes FOB (free on board) Mumbai via a tender.

BPCL previously sold a 30,000-tonne naphtha cargo at a premium of $35/tonne for lifting in mid-February as well as a similar-sized cargo at a premium of $25/tonne for lifting on 24-28 February.

($1 = €0.73)

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By: Felicia Loo



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