India’s BPCL sells 18,000 tonnes naphtha for 24-29 March

21 March 2013 05:45  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender 18,000 tonnes of naphtha for loading from Mumbai on 24-29 March, traders said on Thursday.

The deal for the cargo was done at a premium of $52/tonne to Middle East quotes FOB (free on board) and the buyer was Dutch trading firm Trafigura, they added.

BPCL previously sold by tender two naphtha cargoes totalling 55,000 tonnes to trading firm Vitol for loading in late March. A 25,000 tonne cargo will be loaded from Mumbai on 25-26 March, while a 30,000 tonne cargo will be loaded form Kochi on 28-29 March.

The deal for the combined cargoes was done at a premium of $55/tonne (€42/tonne) to Middle East quotes FOB.

($1 = €0.77)

By: Felicia Loo

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