Wires

Asia Naphtha-India's Essar sells Nov vol; steady premium

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SINGAPORE, Oct 11 (Reuters) - India's Essar Oil has sold anaphtha cargo to Shell at about $32 a tonne above Middle Eastquotes on a free-on-board (FOB) basis, with premiums holdingsteady with two previous deals, traders said on Thursday.

The 35,000-tonne cargo is scheduled for Nov. 3-5 loadingfrom Vadinar.

Traders said premiums for Indian cargoes were persistingnear levels of $30 a tonne because supplies were still scarcedespite India having restored exports for October to more than800,000 tonnes from fewer than 550,000 tonnes last month.

Even outages of petrochemical units in Japan, and crackerrun cuts in Taiwan, failed to weigh on sentiment.

(Reporting by Seng Li Peng, Editing by Clarence Fernandez)

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

Keywords: NAPHTHA INDIA/ESSAR