India’s Reliance sells 75,000 tonnes of naphtha to Itochu

23 April 2010 10:21  [Source: ICIS news]

SINGAPORE (ICIS news)--India's Reliance Industries has sold by tender 75,000 tonnes of naphtha to Itochu for loading from Sikka on 24-28 May, traders said on Friday.

The cargo was awarded at a premium of $25/tonne (€19/tonne) to Middle East quotes FOB (free on board), they said.

Reliance last sold 50,000 tonnes of naphtha by tender to Shell for lifting from Sikka on 8-12 May, at a premium of $23-25/tonne to Middle East quotes FOB.

The company is in the process of restarting its polypropylene (PP) and polyethylene (PE) plants at Hazira in Gujarat state after a 17-day turnaround. 

Reliance's complex at Hazira, including an 800,000 tonne/year naphtha cracker, a 450,000 tonne/year PP plant and 480,000 tonne/year PE facility, was shut down on 2 April for maintenance. 

($1 = €0.75)

 To discuss issues facing the chemical industry go to ICIS connect

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index