As the naphtha markets soften on increasing exports from India, Indian Oil Corp (IOC) has managed to sell at a sharply lower premium as compared to previous shipments.
30,000 tons of naphtha for Marrch lifting from Kandla has been sold by IOC for March 17-20 lifting to Petrochina at a per ton premium of US$31-32 to Middle East quotes, on a free-on-board (FOB) basis.
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Friday, February 27, 2009
Naphtha market softens as exports from India rise: IOC sells at sharply lower premium
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