India’s MRPL sells 35,000 tonnes naphtha at $50.87/tonne premium

12 November 2012 09:58  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) MRPL sold by tender a 35,000-tonne naphtha cargo to Japanese trading firm Marubeni, traders said on Monday.

The cargo for loading from New Mangalore on 11-13 December was sold at a premium of $50.87/tonne (€40.19/tonne) to Middle East quotes FOB (free on board), they said.

MRPL had offered three similar-sized cargoes in that tender, with the loading dates on 11-13 December, 11-13 January and 11-13 February. However, the company did not manage to sell the two other cargoes as bids received were lower than expected.

MRPL previously sold by tender a 35,000-tonne naphtha cargo for loading at the New Mangalore port on the west coast of India on 3-5 December to Total, at a premium of $46.50/tonne to Middle East quotes FOB.

($1 = €0.79)


By: Felicia Loo



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