India’s MRPL sells 35,000 tonnes naphtha at $46/tonne premium

07 September 2012 05:17  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold by tender 35,000 tonnes of naphtha for loading on 11-13 October, at a higher premium because of a supply shortfall in Asia, traders said on Friday.

The cargo was awarded to Chinese trading firm Unipec at a premium of $46.00/tonne (€36.30/tonne) to Middle East FOB (free on board), they added.

In a recent tender, MRPL sold 35,000 tonnes of naphtha to Total at a premium of $42/tonne to Middle East quotes FOB for loading from New Mangalore port on 3-5 October.

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 = €0.79)


By: Felicia Loo

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