India’s MRPL offers 35,000 tonnes naphtha for mid-July

31 May 2011 05:19  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has tendered to sell 35,000 tonnes of naphtha for loading from New Mangalore port in mid-July, according to a tender document on Tuesday.

The loading dates are 12-14 July.

The tender closes on 31 May, with bids valid until 1 June.

MRPL last sold by tender three naphtha cargoes, which totalled 105,000 tonnes, for loading from New Mangalore port from June to August. Mercuria won the tender.

The first cargo for loading on 19-21 June fetched a $23/tonne (€16/tonne) premium to Middle East quotes FOB (free on board), while the second cargo for loading on 2-4 July was awarded at a premium of $22.50/tonne and the third parcel was done at $22.20/tonne premium for loading on 1-3 August.

In April, MRPL sold 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).

($1 = €0.70)

For more on naphtha, visit ICIS chemical intelligence


By: Felicia Loo



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