Indian Oil sells 65,000 tonnes naphtha for late Nov-early Dec

10 November 2011 10:33  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil has sold by tender 65,000 tonnes of naphtha for loading from late November to early December, traders said on Thursday.

The 30,000 tonne cargo was awarded to Trafigura at a premium of $8.50/tonne (€6.29/tonne) to Indian Oil pricing formula FOB (free on board) for loading from Kandla on 27-29 November, they added.

The other 35,000 tonne cargo was awarded to Shell at a premium of $12.50/tonne to Indian Oil pricing formula FOB for loading from Dahej from 29 November to 1 December, they said.

Indian Oil last sold by tender two 35,000 tonne naphtha cargoes for loading in the second half of October. Shell won the first cargo for loading from Chennai on 21-23 October at a premium of $23/tonne to Indian Oil pricing formula FOB. The second cargo for loading from Dahej on 16-18 October was awarded to Mercuria at a premium of $22/tonne to Indian Oil pricing formula FOB.

($1 = €0.74)

For more on naphtha, visit ICIS chemical intelligence


By: Felicia Loo



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