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CORRECTED-Asia Naphtha-Indian Oil sells Dahej cargo at $31/T premium

(Corrects premium to $31, not $40)

SINGAPORE, Oct 10 (Reuters) - Indian Oil Corp (IOC) has sold a naphtha cargo for Oct. 25-27 lifting from Dahej port to Glencore at premiums of about $31 a tonne to its own price formula on a free-on-board (FOB) basis, reflecting a firm naphtha market, traders said on Wednesday.

Despite India having restored its overall exports for October to more than 750,000 tonnes from less than 550,000 tonnes in September, traders said supplies were not abundant due to fewer European cargoes coming in this month than the last.

(Reporting by Seng Li Peng; Editing by Himani Sarkar)

((lipeng.seng@thomsonreuters.com)(+65 6870 3086)(Reuters Messaging: lipeng.seng.reuters.com@reuters.net))

Keywords: NAPHTHA INDIA/IOC

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