Saudi Aramco offers 230,000 bbls naphtha for 6-8 August

13 July 2010 05:15  [Source: ICIS news]

SINGAPORE (ICIS news)--Saudi Aramco is offering 230,000 barrels of steam cracker-grade naphtha in a tender for loading on 6-8 August, traders said on Tuesday.

The tender would close on 13 July, with bids to stay valid until 14 July, they said.

The Asian naphtha price spread plunged to a contango of $7/tonne (€5.53/tonne) on Tuesday, widening from $2/tonne early last week, amid ample spot supply from the Middle East and weak demand, ICIS data showed.

($1 = €0.79)

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By: Felicia Loo

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