India’s BPCL sells 11,000 tonnes October naphtha ex-Haldia

20 September 2013 05:49  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender an 11,000-tonne naphtha cargo for early October loading from Haldia, traders said on Friday.

Trading firm Glencore was the buyer of the cargo, which contains 300 parts per million (ppm) methyl tertiary butyl ether (MTBE), they said.

The loading dates for the MTBE-rich cargo are 6-10 October, traders said.

The deal for the cargo was done at parity against Middle East quotes FOB (free on board) pricing, they said.

($1 = €0.74)

By: Felicia Loo

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