India’s MRPL offers 35,000 tonnes naphtha for mid-Nov

08 October 2012 02:48  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has issued a tender to sell a 35,000 tonne cargo of naphtha for loading in mid-November, a tender document showed on Monday.

The cargo will be loaded from New Mangalore on the West Coast of India on 13-15 November, it showed.

The tender closes on 10 October, with bids to stay valid until 11 October, according to the document.

In its previous tender, MRPL sold a similar-sized cargo of naphtha to Japanese trading house Marubeni at a premium of $37.00/tonne (€28.50/tonne) to Middle East quotes FOB (free on board) for loading from New Mangalore on 29-31 October, traders said.

($1 = €0.77)

By: Felicia Loo

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