India’s BPCL sells 27,000t heavy full-range naphtha

01 March 2010 03:54  [Source: ICIS news]

SINGAPORE (ICIS news)--India’s Bharat Petroleum Corp (BPCL) has sold by tender 27,000 tonnes of heavy full-range naphtha, or the N+A grade, to trader Vitol, for loading from Kochi on 5-7 March, a source familiar with the situation said on Monday.

The cargo was sealed at a premium of $23.00/tonne (€17/tonne) to Middle East quotes FOB (free on board), he added.

Asia’s first-half April open-spec naphtha rose $18.50/tonne from Friday to $736.00-739.00/tonne CFR (cost and freight) Japan on Monday, supported by strong crude futures at above $80/bbl, ICIS pricing data showed.

($1 = €0.73)

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By: Felicia Loo

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