India’s Reliance sells 50,000 tonnes naphtha for early February

11 January 2012 01:53  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold 50,000 tonnes of naphtha for loading from Sikka on 5-10 February, traders said on Wednesday.

The cargo fetched a premium of around $27/tonne (€21/tonne) to Middle East quotes FOB (free on board), they added.

The naphtha market is being supported by tight supply from the Middle East and firm spot demand, the traders said.

($1 = €0.78)

For more on naphtha, visit ICIS chemical intelligence

By: Felicia Loo

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