Thursday, January 28, 2010

HPCL offers 20,000 tons of naphtha for February amid 3 week low cracks

India's Hindustan Petroleum Corp Ltd (HPCL) has offered 20,000 tons of naphtha for February lifting, amid three weak low naphtha crack levels on weakening market outlook of softer demand. Sellers are prepared for the low premiums as demand has started to wane ahead of multiple cracker maintenance shutdowns in the region.

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