{"id":38445,"date":"2015-10-20T11:39:54","date_gmt":"2015-10-20T11:39:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=38445"},"modified":"2015-10-20T11:39:54","modified_gmt":"2015-10-20T11:39:54","slug":"indian-oil-corporation-sells-rare-kandla-cargo-at-small-premium","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-oil-corporation-sells-rare-kandla-cargo-at-small-premium\/","title":{"rendered":"Indian Oil Corporation sells rare Kandla cargo at small premium"},"content":{"rendered":"<p>Indian Oil Corp has sold 18,000-20,000 tonnes of naphtha for Oct. 29 to Nov. 3 loading from Kandla after cancelling a previous tender for the same cargo due to low bids, traders said on Tuesday. <\/p>\n<p>The state-owned refiner sold the cargo to Thai firm PTT at a premium of about $1 a tonne to IOC&#8217;s own price formula on a free-on-board (FOB) basis. <\/p>\n<p>This was the first time this year that IOC has sold a cargo out of Kandla, Reuters data showed. <\/p>\n<p>Traders said domestic demand had curbed exports from Kandla but IOC continues to export naphtha regularly out of Chennai, Dahej and Haldia. <\/p>\n<p>IOC had earlier offered the Kandla cargo for Oct. 20-25 loading but bids were mostly at discount levels to IOC&#8217;s formula on a FOB basis. <\/p>\n<p>Smaller parcels, below 30,000 to 35,000 tonnes, usually fetch a lower price as they do not help buyers maximise on freight rates. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Oil Corp has sold 18,000-20,000 tonnes of naphtha for Oct. 29 to Nov. 3 loading from Kandla after cancelling a previous tender for the same cargo due to low bids, traders said on Tuesday. The state-owned refiner sold the cargo to Thai firm PTT at a premium of about $1 a tonne to IOC&#8217;s own price formula on a free-on-board (FOB) basis. This was the first time this year that IOC has sold a cargo out of Kandla, Reuters data showed. Traders said domestic demand had curbed exports from Kandla but IOC continues to export naphtha regularly out of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-38445","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/38445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=38445"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/38445\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=38445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=38445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=38445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}