Lackluster market sentiments have triggered weak demand set off by an influx of spot barrels expected next month in Asia. Bharat Petroleum Corp Ltd (BPCL) offers a total 90,000 tons of low aromatic naphtha for August-October lifting from Mumbai. 30,000 tons will be sold each month for the three-month period by tender, closing July 17. However, premiums are likely to be impacted by the advent of over 1.4 mln tons of naphtha from Kuwait, India and the West.
19-Jul-10 
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