Indian Oil sells 35,000 tonnes naphtha for 10-12 Oct
22 September 2010 05:49 [Source: ICIS news]
SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 35,000 tonnes of naphtha to JP Morgan for loading from Dahej on 10-12 October, traders said on Wednesday.
The cargo fetched a premium of $2/tonne (€1.5/tonne) to ?xml:namespace>Middle East quotes FOB (free on board), they said.
In its last tender, IOC sold 30,000 tonnes of naphtha to Itochu for loading from Kandla on 28-30 September, at a premium of $8/tonne to IOC price formula FOB.
The naphtha market was in doldrums due to a glut, traders said.
($1 = €0.75)
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