India’s RIL sells 50,000 tonnes naphtha at $35-36/tonne premium

02 October 2012 03:31  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold 50,000 tonnes of spot naphtha for loading from Sikka in late October, traders said on Tuesday.

The buyer was Chinese trading firm Unipec, which paid a premium of $35.00-36.00/tonne (€27.30-28.10/tonne) to Middle East quotes FOB (free on board) for loading on 25-30 October, they said.

RIL previously sold 75,000 tonnes of spot naphtha to trading firm Cargill at a premium of around $40/tonne to Middle East FOB quotes for loading from Sikka on 25-30 September.

($1 = €0.78)

By: Felicia Loo

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