India’s HPCL offers 20,000-25,000 tonnes naphtha for early May

19 April 2011 10:20  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has tendered to sell 20,000-25,000 tonnes of naphtha for loading from Mumbai in early May, traders said on Tuesday.

The loading dates are on 1-7 May and the tender closes on 21 April, they added.

HPCL last sold by tender 25,000-30,000 tonnes of naphtha for loading from Vizag in Andhra Pradesh state on 11-17 April. Glencore won the cargo at a premium of $22-23/tonne (€15-16/tonne) to Middle East quotes FOB (free on board).

($1 = €0.70)

By: Felicia Loo

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