India’s BPCL sells 38,000 tonnes naphtha ex-Mumbai for end-October

27 September 2013 05:35  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender one 38,000-tonne naphtha cargo for loading from Mumbai, traders said on Friday.

The company did not award the second similar-sized cargo that was offered for loading on 20-22 October, they said.

Instead, BPCL retained the supply in the local market, traders said.

For the awarded cargo, the transaction fetched a premium of $21-22/tonne (€16-17/tonne) to Middle East quotes FOB (free on board) for loading on 29-31 October, they said.

Japanese trading firm Marubeni was the buyer, traders said.

($1 = €0.74)

By: Felicia Loo

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