Saudi Aramco sells 75,000t naphtha for late November

04 November 2010 03:34  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Aramco has sold by tender 75,000 tonnes of naphtha for loading from Rabigh in late November, traders said on Thursday.

The cargo was awarded to Total at a premium of $16-17/tonne (€11-12/tonne) to Middle East quotes FOB (free on board), for loading on 28-30 November, they added.

Asia naphtha surged to $791.75-794.75/tonne CFR (cost and freight) Japan on Thursday morning, as global crude futures surpassed the $85/bbl mark, ICIS data showed.

($1 = €0.71)

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By: Felicia Loo

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