Price of Asian naphtha and margins, extended losses on Tuesday to reach nearly a month's low, at US$962/ton and US$108.35/ton respectively, as more Indian supplies are expected to emerge on squeezed petrochemical margins due to weak demand from China, as per Reuters. Indian Oil Corp (IOC) has offered a 35,000-tonne naphtha cargo out of Chennai for the first time in four months as refinery maintenance had previously curbed exports. Additionally, Hindustan Petroleum Corp Ltd and Bharat Petroleum Corp Ltd are also expected to end maintenance at their Vizag and Mumbai plants, respectively, this month.
20-Sep-12 
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