Indian Oil Corp sells 64,000 tons of naphtha for loading in September

06-Sep-11

Indian Oil Corp. has sold 64,000 tons of naphtha for loading in September, as per unidentified traders in Bloomberg. An offer to sell 35,000 tons of naphtha for loading in September from the port of Dahej was cancelled by IOC. 34,000 tons of naphtha for loading on Sept. 21-23 has been sold at premiums of US$3.50/ton to Middle East prices to Trafigura Beheer BV. 9,000 tons is to be loaded from Nagapattinam, and 25,000 tons from Chennai. Another 30,000 tons has been sold to Itochu for Sept. 18-20 loading from Kandla at a premium of US$13.50/ton to Middle East prices.