Indian Oil sells mid-November naphtha at $42/tonne premium

25 October 2012 04:14  [Source: ICIS news]

SINGAPORE (ICIS)--Indian Oil Corp (IOC) has sold by tender 35,000-40,000 tonnes of naphtha for loading from Dahej on 16-18 November to Japanese trading house Marubeni, traders said on Thursday.

The deal for the cargo was done at a premium of $42.00/tonne (€32.34/tonne) to IOC pricing formula on a free-on-board (FOB) basis, they added.

IOC previously sold by tender 35,000 tonnes of naphtha for loading from Dahej at a premium of $30.00/tonne to IOC pricing formula on a FOB basis for loading on 25-27 October. The buyer was trading firm Glencore.

($1 = €0.77)


By: Felicia Loo



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