India's Bharat Petroleum Corp Ltd (BPCL) sold an August naphtha cargo from Kochi to Cargill at about US$26/ton above Middle East quotes. This marks an 85% increase from a previous sale from the same port, as per Reuters. Lower Indian and European exports to Asia and stronger spot demand driven by improved petrochemical margins were behind the surge in premiums. BPCL sold the 35,000 ton cargo on a free-on-board (FOB) basis for Aug. 6-10 loading from Kochi. It had previously sold similar volumes for July 18-22 loading from the same port to Total at premiums of US$14/ton.
13-Jul-12 
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