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

18 February 2013 10:03  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender two 35,000 tonne naphtha cargoes for loading in March, traders said on Monday.

BPCL sold one cargo to Japanese trading firm Marubeni at a premium of $62/tonne (€46.50/tonne) to Middle East quotes FOB (free on board), they added.

The loading from Kochi will take place on 1-4 March, traders said.

BPCL sold a separate cargo to Japanese trading house ITOCHU at a premium of $65/tonne to Middle East quotes FOB for loading from Mumbai on 19-21 March, they added.

In its previous tender, BPCL sold two 35,000 tonne naphtha cargoes for loading from Mumbai in February. Chinese trading firm Unipec bought the first cargo at a premium of around $41.50/tonne to Middle East quotes FOB for loading on 13-15 February.

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

($1 = €0.75)


By: Felicia Loo



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