India’s MRPL offers 105,000 tonnes naphtha for June-August

18 May 2011 04:50  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has tendered to sell three naphtha cargoes, totalling 105,000 tonnes, for loading from New Mangalore port from June to August, according to a tender document on Wednesday.

The refiner offered a 35,000-tonne each month, with the first loading on 19-21 June. Subsequent loadings will be on 2-4 July and 1-3 August, the document showed.

The tender closes on 19 May and the bids will stay valid until 20 May.

MRPL last sold via tender 35,000 tonnes of naphtha for loading from New Mangalore port on 17-19 May at a premium of $29/tonne to Middle East quotes FOB (free on board).

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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