India’s MRPL sells 35,000 tonnes naphtha at $43/tonne premium

30 October 2012 01:42  [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 late November, traders said on Tuesday.

The buyer was Singapore-based company Petro-Diamond, they added.

The deal for the cargo was done at a premium of around $43/tonne (€33/tonne) to Middle East quotes FOB (free on board) for loading at the New Mangalore port on the west coast of India on 26-28 November, traders said.

In its previous tender, MRPL sold a similar-sized naphtha cargo to Chinese trading firm Unipec at a premium of $41.50/tonne to Middle East quotes FOB, for loading from New Mangalore on 17-19 November.

($1 = €0.77)

By: Felicia Loo

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