Premium on Indian Oil June naphtha cargo falls by more than half amid weakening demand

Indian Oil Corp (IOC) sold 35,000 tons of June naphtha at premium of approximately US19/ton above its own price formula, reflecting a drop of more than half in premiums as demand falls as per Reuters. IOC sold the cargo scheduled for June 18-20 loading from Dahej probably to PetroChina, which had also picked up 70,000 tons of naphtha from BPCL on the same day at below US$20/ton premiums. Weak demand from buyers in view of poor petrochemical margins had dented premiums recently.
  More News  Post Your Comment
{{comment.Name}} made a post.




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