HPCL sells small sized naphtha cargoes below market value

04-Sep-09
Offering smaller sized cargoes, Hindustan Petroleum Corp Ltd (HPCL) has sold 30,000 tons of naphtha for September lifting below market price -15,000 tons of full-range naphtha was sold by tender for Sept. 23-25 lifting from Mumbai to Itochu at a low single digit premium to Middle East quotes on a free-on-board (FOB) basis. The same quantity for Sept. 9-11 loading from the same port was sold at parity to Glencore. This price realization is lower than the US$18/ton fetched by Reliance from South Korea's YNCC for 50,000 tons of full-range naphtha for Sept. 20-25.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha