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

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index