India refiners to deliver 750,000 tonnes Aug naphtha within Asia

01 August 2013 11:32  [Source: ICIS news]

SINGAPORE (ICIS)--Around 750,000 tonnes of naphtha will exported from India in August, with the volumes expected to circulate within Asia in the same month, traders said on Thursday.

The shipments for August, by and large, are the same quantity shipped out in July, they said.

Meanwhile, the naphtha backwardation between the second-half September and second-half October contracts narrowed to $3.75/tonne (€2.81/tonne) from a backwardation of $4.50/tonne on Wednesday, ICIS data showed.

($1 = €0.75)

By: Felicia Loo

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