12 August 2010 05:19 [Source: ICIS news]
IOC offered 35,000 tonnes for loading from Dahej on 10-12 September as well as a similar-sized lot for loading from Chennai on 10-13 September, he added.
The tender closes on 17 August, with bids to stay valid until 18 August, the trader said.
In its last tender, IOC sold 35,000 tonnes to Chevron at a premium of $5.50/tonne (€4.29/tonne) to IOC price formula FOB (free on board) for loading from Dahej on 21-23 August.
A second 35,000 tonne cargo was awarded to trader Vitol at a premium of $10.50/tonne to the same price formula for loading from Chennai on 26-29 August.
The third cargo, 30,000 tonnes from Kandla, was sold to trading firm Glencore at a premium of $3.50/tonne to IOC formula for loading on 26-29 August.
($1 = €0.78)
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