Wednesday, July 30, 2008

2 naphtha cargoes traded by BPCL at a high premium despite feeble market sentiment

Out of the four naphtha cargoes (108,000 tons), Bharat Petroleum Corp Ltd (BPCL) has traded two of them totaling to 54,000 metric tons at a relatively high premium despite feeble market sentiments. 277,000 metric tons of high aromatic naphtha for September lifting was traded to South Korea's SK Energy fetching a premium of US$32 and the same capacity for October lifting was sold to Petronas at a premium of US$31/ton.

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