India refiners seen exporting 700,000 tonnes naphtha in July

04 July 2014 05:38 Source:ICIS News

SINGAPORE (ICIS)--India’s refiners will be exporting around 700,000 tonnes of naphtha in July, compared with 680,000-690,000 tonnes in June, traders said on Friday.

The firmer volumes will be easily absorbed in the market, as the prompt market remains tight on supply, they said.

Regional demand has increased, leaving some trading companies in short position and this prompted a flurry of buying lately, traders said.

By Felicia Loo