13 August 2012 04:28 [Source: ICIS news]
The cargo was sold a t a premium of around $33.50/tonne (€27.14/tonne) to FOB (free on board)
In its previous tender, MRPL sold a 35,000-tonne naphtha parcel for 9-11 September loading from New Mangalore to PetroChina at a premium of $29.50/tonne to FOB
A stronger reforming margin, or the price spread between gasoline and naphtha, has prompted some players to divert naphtha supplies into gasoline blending, they said.
Gasoline demand in top buyer
Moreover, refinery upsets in the US West Coast engendered the pull of Asian arbitrage gasoline barrels to plug in the domestic supply shortfall, they added.
($1 = €0.81)
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