30 March 2012 04:37 [Source: ICIS news]
SINGAPORE (ICIS)--India's Oil and Natural Gas Corp (ONGC) has sold 35,000 tonnes of naphtha at a premium of above $40/tonne (€30/tonne) to China International United Petroleum & Chemicals Co Ltd (UNIPEC), several traders said on Friday.
The naphtha cargo was sold – on FOB ?xml:namespace>
ONGC last awarded a 35,000 tonnes naphtha parcel to UNIPEC on 5 March at a premium of $60/tonne to FOB
Naphtha premiums have softened amid easing concerns over supplies and subdued buying interest from regional cracker operators.
($1 = €0.75)
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