Diminishing imports from Europe have propped up premiums in Asia for naphtha exports from India. Hindustan Petroleum Corp Ltd (HPCL) has sold 25,000-30,000 tons for Sept. 1-3 loading to Vitol at a preemium of around US$20-22/ton to Middle East quotes, on a free-on-board (FOB) basis, as compared to the US$17/ton realized from South Korea's SK Energy from the same port on Aug.
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Thursday, August 20, 2009
Hindustan Petroleum Corp realizes better premiums on naphtha for September lifting
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