23 January 2013 02:25 [Source: ICIS news]
SINGAPORE (ICIS)--India will continue to export low volumes of naphtha in February, with the quantity estimated to be 500,000 tonnes for the month, traders said on Wednesday.
The volume is lower from January exports of 600,000 tonnes, they added.
The earlier estimates for January stood at 800,000 tonnes but the volumes fell further because of refinery maintenance works, traders said.
The low naphtha shipments have led to high premiums being fetched in a string of Indian export tenders, they added.
Open-spec first-half March contract rose to $977.50-980.50/tonne (€733-735/tonne) CFR (cost & freight) Japan on Wednesday morning, up by $4.50-5.50/tonne from Tuesday, ICIS data showed.
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections