India’s MRPL sells early Oct naphtha cargo at $42/tonne premium

05 September 2012 06:29  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold by tender 35,000 tonnes of naphtha to Total for loading early October at a higher premium resulting from tight regional supply, traders said on Wednesday.

The cargo was sold at a premium of $42/tonne (€34/tonne) to Middle East quotes FOB (free on board) for loading from New Mangalore port on 3-5 October, they added.

MRPL previously sold by tender 35,000 tonnes of naphtha to PetroDiamond at a premium of around $33.50/tonne Middle East quotes for 17-19 September loading from New Mangalore port.

($1 = €0.80)

By: Felicia Loo

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