India’s BPCL sells 26,000 tonnes naphtha ex-Kochi

25 October 2013 07:55  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Bharat Petroleum Corp Ltd (BPCL) has sold by tender 26,000 tonnes of naphtha for loading from Kochi between 31 October and 2 November, traders said on Friday.

Chinese trading firm Unipec was the buyer and the deal for the cargo was done at a premium of $27-28/tonne (€19-20/tonne) to Middle East quotes FOB, they added.

BPCL previously sold by tender 11,000 tonnes of low aromatic naphtha for loading from Haldia on 25-31 October.

The deal for the cargo was done at parity against Middle East quotes FOB (free on board) pricing. Trading firm Glencore was the buyer.

($1 = €0.72)
By: Felicia Loo

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