ONGC offers 35,000 tons of naphtha for December from Hazira

21-Nov-11
India’s Oil & Natural Gas Corp is seeking to sell 35,000 metric tons of naphtha for loading on December 17-18. As per Reuters, ONGC has sold a December 7-8 naphtha cargo to Unipec at US$17/ton above Middle East quotes on a free-on-board (FOB) basis, or about 5.5-11% lower than sales premiums for November cargoes lifting from Hazira. Limited demand from China is leading to persistently weak petrochemical margins, weighing down market sentiment. However, sellers were hopeful of a renewal in buying interest from China ahead of the Lunar New Year.
  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