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