India’s MRPL sells 35,000 tonnes naphtha at $37/tonne premium

01 October 2012 03:43  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold by tender a 35,000-tonne naphtha cargo for loading in late October, traders said on Monday.

The cargo was awarded to Japanese trading house Marubeni at a premium of $37.00/tonne (€28.86/tonne) to Japan quotes CFR (cost & freight), they said.

The loading dates are 29-31 October from a port in New Mangalore on the West Coast of India.

MRPL previously sold by tender 35,000 tonnes of naphtha for loading on 18-20 October to Statoil at a premium of $34.70/tonne to Middle East quotes FOB.

($1 = €0.78)

By: Felicia Loo

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