India’s BPCL sells 70,000 tonnes naphtha for Feb loading

15 January 2013 01:49  [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 February, traders said on Tuesday.

Chinese trading firm Unipec bought the first cargo at a premium of around $41.50/tonne (€31.10/tonne) to Middle East quotes FOB (free on board) for loading on 13-15 February, they added.

The second cargo for loading on 22-24 February was being taken up by Japanese trading firm Idemitsu at a premium of $44.00/tonne to Middle East quotes FOB, traders said.

BPCL previously sold by tender a 35,000 tonne naphtha cargo for loading from Mumbai on 27-29 January. Japanese trading firm Marubeni bought the cargo at a premium of $41.00/tonne to Middle East quotes FOB.

($1 = €0.75)

By: Felicia Loo

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