Indian Oil Corp (IOC) has sold 35,000 tons of naphtha for June 15-17 loading from Chennai to Unipec, and possibly another 15,000 tons for June 8-10 loading from Haldia, also to Unipec, traders said in Reuters. These brought IOC's total sales for June to about 80,000 tons and the refiner still has outstanding tenders to sell another 45,000 tons for late June loading from Dahej and Haldia.
IOC's naphtha exports in May (upto 135,000 tons) and June are significantly higher than the 50,000 ton average monthly for the first 4 months of the year, Reuters data showed. The reasons behind the higher exports were unclear but they come at a time when naphtha demand is weaker due to cracker maintenance in Taiwan and large volumes of alternative liquefied petroleum gas (LPG) are coming in June to replace naphtha.
26-May-15 
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