India's Bharat Petroleum Corp Ltd sold 35,000 tons of July naphtha to Total at about $14 a tonne above Middle East quotes on a free-on-board basis, unchanged from levels Mangalore Refinery & Petrochemical Ltd had received last week, as per Reuters. The steady premiums gave sellers some relief as prices have been falling sharply with petrochemical makers appeared to be holding back purchases in view of the global economic uncertainty.
Petrochemical makers LG Chem, Honam and Idemitsu have surfaced in the market for H2-July cargoes through tenders, with sellers hoping that the market has bottomed out.
19-Jun-12 
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