India’s Reliance closes export tender for 55,000 tonnes naphtha

12 November 2012 04:41  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has closed a tender to sell 55,000 tonnes of paraffinic naphtha for loading from Sikka on 10-15 December, traders said on Monday.

The tender closed on 9 November, they said.

The results are not known yet, traders said.

In its previous tender, Reliance sold 75,000 tonnes of paraffinic naphtha and heavy naphtha for loading from Sikka at the end of November to Glencore, at a premium of $42/tonne (€33/tonne) to Middle East quotes FOB (free on board).

($1 = €0.79)

By: Felicia Loo

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