Tuesday, April 03, 2012

ONGC sells naphtha for April/May at stable premiums when compared to average premiums for March

ONGC sold 35,000 tons of naphtha for April 14-15 loading from Mumbai to Unipec at premiums of US$42/ton to Middle East quotes on a free-on-board (FOB) basis, as per Reuters. Another cargo of 35,000 toons for April 30 to May 1 loading from Hazira was sold to Total at premiums of US$43/ton.

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