India’s Reliance sells 55,000 tonnes naphtha at $47.50/t premium

12 November 2012 10:23  [Source: ICIS news]

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

The deal for the cargo was done at a premium of $47.50/tonne (€37.50/tonne) to Middle East quotes FOB (free on board) and the buyer was Lukoil, they 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 $42.00/tonne to Middle East quotes FOB (free on board).

($1 = €0.79)


By: Felicia Loo



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