Indian Oil Corp (IOC) has sold 30,000 tons of naphtha for early-September lifting from Kandla to Itochu at premiums upto US$15/ton to its own pricing formula, on a free-on-board (FOB) basis. A dearth of fresh Western imports for September arrival in Asia has helped maintain prices in the region.
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Friday, August 07, 2009
Dearth of imports from the West for arrival in Asia helps IOC sell at steady premiums
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