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

28 April 2011 04:33  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold by tender 20,000-25,000 tonnes of naphtha to Vitol for loading from Mumbai on 1-7 May, traders said on Thursday.

The cargo was done at Middle East quotes FOB (free on board) plus $20.25/tonne (€14/tonne), 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 to Middle East quotes FOB.

($1 = €0.68)

By: Felicia Loo

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