India’s MRPL sells 35,000 tonnes naphtha for second-half Nov

22 October 2012 05:21  [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 the second half of November, traders said on Monday.

The buyer was Chinese trader Unipec and the deal for the cargo was done at $41.50/tonne (€31.95/tonne) to Middle East quotes FOB (free on board), they added.

The cargo is for loading from the New Mangalore port on the west coast of India on 17-19 November, traders said.

In its previous tender, MRPL sold a 35,000 tonne cargo of naphtha to Unipec at a premium of $39.00/tonne to Middle East quotes FOB for loading from New Mangalore on 13-15 November.

($1 = €0.77)

By: Felicia Loo

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