India’s BPCL sells May naphtha ex-Kochi at $42/tonne premium

12 April 2013 04:09  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender 35,000 tonnes of naphtha to Japanese firm Itochu for loading from Kochi on 15-18 May, traders said on Friday.

The deal for the cargo was done at a premium of $42/tonne (€31.92) to Middle East quotes FOB (free on board), they added.

In the same tender, BPCL sold two 38,000 tonne naphtha cargoes to PetroDiamond for loading from Mumbai in May. The deal for the cargo for loading on 9-11 May was done at a premium of $38/tonne to Middle East quotes FOB quotes, while the second cargo fetched a premium of $36/tonne to Middle East quotes FOB for loading on 19-21 May. 

BPCL last sold by tender a 35,000 tonne naphtha cargo to Japanese company Marubeni for loading from Kochi between 30 April and 3 May, at a premium of $50-51/tonne to Middle East quotes FOB quotes.

($1 = €0.76)


By: Felicia Loo



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