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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 solda naphtha cargo for Oct. 25-27 lifting from Dahej port toGlencore at premiums of about $31 a tonne to its own priceformula on a free-on-board (FOB) basis, reflecting a firmnaphtha market, traders said on Wednesday.

Despite India having restored its overall exports forOctober to more than 750,000 tonnes from less than 550,000tonnes in September, traders said supplies were not abundant dueto 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)(ReutersMessaging: lipeng.seng.reuters.com@reuters.net))

Keywords: NAPHTHA INDIA/IOC