India’s BPCL sells 70,000 tonnes naphtha for second-half Nov

23 October 2012 09:56  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender two 35,000 tonne naphtha cargoes for loading from Mumbai in the second half of November, traders said on Tuesday.

The deal for the cargo for loading on 15-17 November was awarded to STO Maldives at a premium of $38.00-39.00/tonne (€29.30-30.00/tonne) to Middle East quotes FOB (free on board), they added.

Japanese trading firm Marubeni won the second cargo at a premium of $35-36/tonne to Middle East quotes FOB for loading on 25-27 November, traders said.

In its last tender, BPCL sold 30,000 tonnes of naphtha to Chinese trader Unipec at a premium of $26/tonne to Middle East quotes FOB for loading from Mumbai on 29-31 October.

($1 = €0.77)

By: Felicia Loo

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