India’s BPCL sells early Oct naphtha at $40/tonne premium

07 September 2012 05:11  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender 35,000 tonnes of naphtha for loading from Mumbai in early October at a stronger premium because of supply tightness, traders said on Friday.

The cargo was awarded to Japanese trading firm Marubeni at a premium of $40.00/tonne (€31.60/tonne) to Middle East quotes FOB for loading on 2-4 October.

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.

($1 = €0.79)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly