28 August 2012 03:37 [Source: ICIS news]
SINGAPORE (ICIS)--Indian refiners are estimated to slash naphtha exports to 500,000-600,000 tonnes in September, down by 29-33% from a monthly average of 700,000-900,000 tonnes, because of higher domestic demand for the petrochemical feedstock, traders said on Tuesday.
Some refinery maintenance will see a reduction in naphtha output in ?xml:namespace>
“The [Indian] refiners are definitely keen to produce more gasoline than naphtha,” said a trader.
Some naphtha is being diverted to the gasoline blending pool, given strong demand for gasoline, traders said.
($1 = €0.80)
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