Monday, March 22, 2010

Kuwait Petroleum sells 80,000 tons of spot naphtha at premiums similar to last month

Kuwait Petroleum Corp (KPC) has sold nearly 75,000-80,000 tons of spot naphtha for April lifting at premiums in the low US$20/ton above Middle East quotes on a free-on-board (FOB) basis. These levels of premiums are similar to previous levels despite talk of a softer market ahead.

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