India’s BPCL sells 70,000 tonnes naphtha for Dec

28 November 2012 07:12  [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 next month, traders said on Wednesday.

BPCL sold the first cargo to Thai PTT at a premium of $39/tonne (€30/tonne) to Middle East quotes FOB (free on board) for loading on 10-12 December, while BPCL sold the second cargo to Japanese trading firm Marubeni at a premium of $41.00/tonne to Middle East quotes FOB for loading on 19-21 December, they added.

In its last tender, BPCL sold a 30,000-tonne naphtha cargo to Vitol for loading from Mumbai on 10-12 November. The deal for the cargo was done at a premium of $41.00/tonne to Middle East quotes FOB. 

($1 = €0.77)

By: Felicia Loo

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