IOC sells 30,000 tons of July naphtha to Unipec almost 48% lower than an early June cargo

30-Jun-12
Indian Oil Corp (IOC) has sold 30,000 tons of July naphtha from Kandla port to Unipec at about US$13.50/ton above its own price formula on a free-on-board (FOB) basis, almost 48% lower than an early June cargo sale, as per Reuters. Unipec bought the cargo for July 14-16 loading from Kandla port on Wednesday. The last time IOC sold a cargo out of Kandla port was for June 7-9 lifting, also to Unipec, but at a premium of US$26/ton. But naphtha fundamentals appear to be stronger since the start of this week, due to lower exports to Asia from Europe and India.
  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