Kuwait sells 50,000 tonnes naphtha for 7-8 December loading

29 November 2011 06:35  [Source: ICIS news]

SINGAPORE (ICIS)--Kuwait Petroleum Corp (KPC) has sold a spot 50,000 tonne cargo of full-range naphtha for loading on 7-8 December, traders said on Tuesday.

The cargo was awarded to Trafigura at a premium of $14.00/tonne (€10.50/tonne) to Middle East quotes FOB (free on board), they added.

KPC had agreed to sell term naphtha supplies for the period of December 2011-November 2012, with the term full-range naphtha priced at a premium of $18.50/tonne to Middle East quotes FOB.

The term light naphtha was priced at Middle East FOB plus $20.00/tonne.

($1 = €0.75)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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