30 March 2012 05:03 [Source: ICIS news]
SINGAPORE (ICIS)--Indian refiner Oil and Natural Gas Corp (ONGC) awarded a tender offering of 35,000 tonnes of naphtha for loading from Hazira, western ?xml:namespace>
The tender offer was awarded at a premium of above plus $40/tonne (€30/tonne) to FOB (free on board)
ONGC previously sold by tender 35,000 tonnes of naphtha to Swiss-based trader Gunvor at plus $40-42/tonne to FOB
Naphtha premiums have softened amid easing concerns over supplies and subdued buying interest from regional cracker operators,” they added.
($1 = €0.75)
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