Asia Naphtha-Indian Oil sells Dahej cargo at $40/T premium

SINGAPORE, Oct 10 (Reuters) - Indian Oil Corp (IOC) has solda naphtha cargo for Oct. 25-27 lifting from Dahej port toGlencore at premiums of about $40 a tonne to its own priceformula on a free-on-board (FOB) basis, reflecting a firmnaphtha market, traders said on Wednesday.

The 35,000-tonne cargo premium was largely unchanged from acargo IOC had previously sold to Socar for early October loadingfrom the same port.

Despite India having restored its overall exports forOctober to more than 750,000 tonnes compared to less than550,000 tonnes in September, traders said supplies were not inabundance due to lower European cargoes coming in this monthversus last month.

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

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