Saudi Aramco may offer two naphtha cargoes for end-October

03 October 2012 07:39  [Source: ICIS news]

SINGAPORE (ICIS)--Saudi Aramco may offer two naphtha cargoes on a spot basis for end-October loading, traders said on Wednesday.

The volume has not been finalised yet. However, the initial volume is expected to be at least 50,000 tonnes for each cargo, they said.

The October-loading exports will be significantly less compared with the 500,000-600,000 tonnes of spot naphtha that Saudi Aramco sold for September loading, traders said.

The reduction in the spot October-loading exports is because of Saudi Aramco’s allocation of more naphtha supply for term customers, they added.

The loading ports are usually from Al-Jubail, Ras Tanura, and Jeddah/Rabigh, traders said.

By: Felicia Loo

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