India’s MRPL sells 35,000 tonnes naphtha for mid-May

18 April 2011 09:09  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold via tender 35,000 tonnes of naphtha for loading from New Mangalore port on 17-19 May, traders said on Monday.

The cargo was awarded to Cargill at a premium of $29/tonne (€20/tonne) to Middle East quotes FOB (free on board), they added.

Premiums rose from MPRL’s previous tender, which was awarded at Middle East quotes FOB plus $24/tonne for loading on 6-8 May because of tighter supply in Asia.

($1 = €0.69)

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By: Felicia Loo

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