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BUZZ-India BPCL naphtha sales premiums hit highest in over 10 months
April 26, 2017 / 6:52 AM / 8 months ago

BUZZ-India BPCL naphtha sales premiums hit highest in over 10 months

** India’s Bharat Petroleum Corp Ltd’s naphtha sales premiums this week for May cargoes are at their highest for the seller in over 10 months

** The cargoes, sold to Itochu, will be lifted from Mumbai and Kochi at $15 to $18 a tonne to Middle East quotes on a free-on-board (FOB) respectively

** Supply tightness caused by demand and condensate splitters outages in Qatar and Abu Dhabi are driving up premiums

** Mangalore Refinery and Petrochemicals Ltd (MRPL) also sees premiums for a June cargo rising by over 30 percent compared to May cargo

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