India’s Reliance sells 75,000 tonnes naphtha at $41/tonne premium

04 May 2012 09:13  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries has sold around 75,000 tonnes of naphtha at a premium to Glencore, traders said on Friday.

The cargo, which will be loaded on 20-25 May from Sikka, was sold at a $41/tonne (€31/tonne) premium to FOB (free on board) Middle East quotes, they said.

Glencore declined to comment on the issue when contacted.

Reliance Industries last sold 75,000 tonnes of naphtha for loading on 8-11 May at plus $50/tonne to FOB Middle East quotes, traders said.

The cargo was sold to Total Oil Trading SA (TOTSA), they said.

($1 = €0.76)

By: Quintella Koh
+65 6780 4372

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