Qatar’s Tasweeq sells May spot naphtha at ME+$18-21/tonne

24 March 2011 09:37  [Source: ICIS news]

SINGAPORE (ICIS)--Qatar International Petroleum Marketing (Tasweeq) has sold 60,000-100,000 tonnes of spot naphtha for loading from Ras Laffan in May, traders said on Thursday.

The supply, which was a mix of full-range naphtha and plant condensate, fetched a premium of $18-21/tonne (€13-15/tonne) to Middle East quotes FOB (free on board), they added.

Tasweeq did not offer spot naphtha supply in April, traders said.

The company had contracted to sell 1.2m tonnes of term naphtha for loading from Ras Laffan in 2011, at a premium of just above $17/tonne to Middle East quotes FOB.

($1 = €0.71)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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