Yemen’s Aden Refinery sells 50,000 tonnes naphtha

03 October 2012 06:56  [Source: ICIS news]

SINGAPORE (ICIS)--Yemen’s Aden Refinery has sold 50,000 tonnes of spot naphtha to trading firm Glencore at a premium of around $40.00/tonne (€30.80/tonne) for loading in early October, traders said on Wednesday.

The deal for the cargoes was priced against Middle East quotes FOB (free on board) for loading on 5-7 October, they added.

The naphtha supplies from Yemen are likely to go to northeast China and Japan eventually, traders said.

($1 = €0.77)

By: Felicia Loo

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