Tuesday, March 08, 2011

Naphtha exports from India rise, unlikely to dampen markets due to lower arbitrage cargoes

Naphtha exports from India for March are expected see a 15% hike from February levels to 920,000 tons, possibly due to larger volumes from Indian Oil Corp and Reliance. As per Reuters, IOC has sold att least 6 medium-range naphtha cargoes lifting in March from Kandla and Dahej vs 4 cargoes from the same ports for February loading.

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