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.
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