India’s BPCL sells 30,000 tonnes naphtha at $30/tonne premium

21 September 2012 03:00  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender 30,000 tonnes of naphtha for loading from Kochi on 17-21 October to Total, traders said on Friday.

The cargo was awarded to Total at a premium of $30.00/tonne (€23.10/tonne) to Middle East quotes FOB (free on board), sliding from its previous tender when BPCL sold 35,000 tonnes of naphtha to Japanese trading firm Marubeni at a premium of $40.00/tonne to Middle East quotes FOB for loading from Mumbai on 2-4 October, traders said.

($1 = 0.77)

By: Felicia Loo

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