India’s BPCL offers 35,000 tonnes naphtha for early Oct loading

03 September 2012 08:25  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) is offering by tender 35,000 tonnes of naphtha for loading from Mumbai in early October, traders said on Monday.

The cargo will be loaded on 2-4 October, they added.

The tender closes on 5 September, with bids to stay valid until 6 September, traders said.

In its latest tender award, BPCL sold 11,000 tonnes of naphtha to Glencore at a premium of $3/tonne (€2/tonne) to Middle East FOB (free on board) quotes for loading from Haldia on 18-22 September. The naphtha supply is only suitable for gasoline production and hence the premium was lower.

BPCL previously sold by tender 18,000 tonnes of naphtha to Chinese trader Unipec at a premium of $17/tonne to Middle East FOB quotes, for loading from Jawaharlal Nehru Port near Mumbai on 20-25 September.

In an earlier tender, BPCL sold a 10,000 tonne naphtha cargo for 24-28 August loading from Haldia to trading firm Vitol at a premium of $12/tonne to Middle East FOB quotes. 

($1 = €0.79)

By: Felicia Loo

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