Adnoc sells 75,000 tonnes of spot naphtha for September

11 August 2010 08:36  [Source: ICIS news]

SINGAPORE (ICIS)--Abu Dhabi National Oil Co (Adnoc) has sold 75,000 tonnes of naphtha by tender for loading from Ruwais on 1-3 September, traders said on Wednesday.

The cargo fetched a premium of close to $10/tonne to Middle East quotes FOB (free on board), they said.

The Asian second half of September naphtha contract dropped to $692.50-695.50/tonne CFR (cost and freight) Japan on Wednesday as US crude futures slipped to below $80/bbl, according to ICIS.

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By: Felicia Loo

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