India’s BPCL offers 35,000 tonnes naphtha for end-Dec loading

03 December 2012 01:32  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) is offering by tender a 35,000 tonne naphtha cargo for loading in late December, traders said on Monday.

The cargo is due for loading from Mumbai on 27-29 December, they added.

The tender closes on 5 December, with bids to stay valid until 6 December, traders said.

In its last tender, BPCL sold two 35,000-tonne naphtha cargoes for loading from Mumbai in the same month.

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.

($1 = €0.77)

By: Felicia Loo

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