Saudi’s Samref sells July naphtha at $21-22/tonne premium

22 June 2009 08:34  [Source: ICIS news]

SINGAPORE (ICIS news)--Saudi’s Samref has sold a cargo of paraffinic naphtha for lifting over mid-July to Japanese trader Itochu at a premium of $21-22/tonne (€15-16/tonne), industry sources said on Monday.

The prices are based on FOB (free on board) to Middle East quotes from Yanbu. The 230,000-bbl cargo, equivalent to 25,556 tonnes, has to be lifted over 11-13 July.

Samref, a joint venture between Saudi Aramco and ExxonMobil, previously sold a similar cargo at a premium of around $5-6/tonne FOB to Middle East quotes from Yanbu for lifting over 15-17 June.

($1 = €0.72)

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By: Desmond Chia
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