India’s HPCL sells spot naphtha supply at $34-35/tonne premium

20 November 2012 08:19  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold by tender 20,000-25,000 tonnes of naphtha for loading in December, traders said on Tuesday.

The buyer was trading company Glencore and the deal for the cargo was done at a premium of $34-35/tonne (€26-27/tonne) to Middle East quotes FOB (free on board) for loading from Mumbai on 11-13 December, they added

HPCL previously sold by tender a similar volume to Chinese trading firm Unipec at a premium of $25/tonne to Middle East quotes FOB for loading from Mumbai on 16-18 November.

($1 = €0.78)


By: Felicia Loo



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