India’s December naphtha exports to rise to 650,000 tonnes

15 November 2013 02:40  [Source: ICIS news]

SINGAPORE (ICIS)--India’s December naphtha exports are expected to reach 650,000 tonnes in December, up from its November shipment volumes of 600,000 tonnes, traders said on Friday.

The end of refinery turnarounds in India will boost the country’s naphtha exports, they said.

At this juncture, the Indian refiners’ December-loading tendered volumes stood at 250,000 tonnes, the traders said.

“There are not so many [spot sales beyond tenders]. But more [tenders] will be issued,” said one trader.

In October, the Indian refiners shipped out 750,000 tonnes of naphtha, the traders said.

The November export volumes are lower owing to refinery upgrading works at Indian refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) and refinery maintenance works done by Bharat Petroleum Corp Ltd (BPCL), they said.

By: Felicia Loo

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