India’s BPCL offers 18,000 tonnes naphtha for early August

16 July 2013 08:26  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) is offering by tender an 18,000-tonne low aromatic naphtha for loading from Mumbai on 4-12 August, traders said on Tuesday.

The tender closes on 22 July, with bids to stay valid until 23 July, they added.

BPCL previously awarded an export tender for two 38,000-tonne naphtha cargoes for loading from Mumbai next month.

The deal for the first cargo, which is scheduled for loading on 8-10 August, was done at a premium of $22.00/tonne (€16.94/tonne) to Middle East quotes FOB (free on board). Trading firm Cargill was the buyer.

The deal for the second cargo, which was awarded to Japanese trading firm Marubeni, was done at Middle East quotes FOB pricing plus $24.00/tonne. The loading dates are 25-27 August.

($1 = €0.77)

By: Felicia Loo

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