India’s refiners to raise March naphtha exports to 600,000 tonnes

19 February 2013 08:57  [Source: ICIS news]

SINGAPORE (ICIS)--India’s refiners are expected to export around 600,000 tonnes of naphtha in March, up from 500,000 tonnes shipped out in February, traders said on Tuesday.

Despite a higher volume estimated for next month, the exports are lower than the monthly average of 800,000-900,000 tonnes in 2012, they added.

“The domestic structure in India has changed. There is a higher demand for gasoline-powered cars in India,” said one trader.

The exports in February were limited because of a fire incident in a fuel tank and refinery maintenance works, traders said.

Because of the continued low exports from India, the naphtha prices are expected to be buoyant, they added.


By: Felicia Loo



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