India’s HPCL sells 25,000-30,000 tonnes naphtha for early Oct

26 September 2013 08:56  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Hindustan Petroleum Corp Ltd (HPCL) has sold by tender 25,000-30,000 tonnes of naphtha for loading in early October, to Total, traders said on Thursday.

The cargo is scheduled for loading from Visakhapatnam port on 1-3 October, they added.

The deal for the cargo was done at a premium in the low $20s/tonne (€14.80/tonne) to Middle East quotes FOB (free on board), the traders said.

In its previous tender, HPCL sold a 25,000 tonne naphtha cargo for loading from Mumbai on 4-6 September, to Chinese trading firm Unipec.

The deal for the cargo was done at a premium of $15/tonne to Middle East quotes FOB.

($1 = €0.74)

By: Felicia Loo

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