Indian Oil Corp. sells naphtha for December at lower discounts than November

25-Nov-08
A minimum of 90,000 tons of naphtha for December lifting has been sold at Indian Oil Corp (IOC) at narrower discounts as compared to November values, mainly due to short-covering, wherein traders try to fill short term supply gap. About 30,000 tons was sold to Itochu for Dec. 7-9 lifting from Kandla at US$19/ton below its own price formula. The same amount was sold to Glencore for Dec. 18-21 loading from Kandla at US$15/ton discount. 30,500 tons was sold to Itochu for Dec. 19-21 lifting from Dahej at US$9/ton discount.
  More News  Post Your Comment

Previous News

Next News

{{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