India’s MRPL sells 35,000 tonnes naphtha at ME+$34/tonne

28 April 2011 04:23  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold by tender 35,000 tonnes of naphtha to Marubeni for loading in late May, traders said on Thursday.

The cargo fetched a premium of $34/tonne (€23/tonne) to Middle East quotes FOB (free on board) for loading from New Mangalore port on 28-30 May.

MRPL last sold via tender 35,000 tonnes of naphtha to Cargill at a premium of $29/tonne to Middle East quotes FOB for loading on 17-19 May.

($1 = €0.68)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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