Indian Oil sells July naphtha from Kandla port 48% lower than an early June cargo sale

02-Jul-12
Indian Oil Corp (IOC) has sold 30,000 tons of July naphtha from Kandla port to Unipec at about US$13.50/ton above its own price formula on a free-on-board (FOB) basis, almost 48% lower than an early June cargo sale, as per Reuters. The last time IOC sold a cargo out of Kandla port was for June 7-9 lifting, also to Unipec, but at a premium of US$26 a ton.
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