Saudi Aramco sells term naphtha for second half of 2011

06 June 2011 10:41  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Aramco has agreed to sell term naphtha supply for the second half of this year, traders said on Monday.

Saudi Aramco had wrapped up term talks for A180 naphtha at a premium of $21/tonne (€14/tonne) to its pricing formula FOB (free on board), while it agreed to sell Rabigh-treated naphtha grade at a premium of $20/tonne.

Its splitter naphtha and A310 naphtha were set at a premium of $19/tonne to Aramco pricing formula FOB, and the Jeddah naphtha grade was set at a premium of $16/tonne, they said.

The Saudi supply is for loading from July to December, traders said.

($1 = €0.68)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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