India’s MRPL sells 35,000 tonnes naphtha for end-Dec loading

03 December 2012 08:41  [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 December, traders said on Monday.

Japanese trading firm Marubeni won the cargo at a premium of $32-33/tonne (€24.64-25.41/tonne) to Middle East quotes FOB (free on board) for loading from the New Mangalore port on 28-30 December, they added.

In its last tender, MRPL sold three 35,000 tonne naphtha cargoes for loading from the New Mangalore port from December to February.

MPRL sold the first cargo to Japanese petroleum company Idemitsu Kosan at a premium of $44.50/tonne (€34.30/tonne) to Middle East quotes FOB for loading on 19-21 December.

The remaining two cargoes for loading on 14-16 January and 16-18 February respectively were awarded to France’s Total at premiums of $42-45/tonne to Middle East quotes FOB.

($1 = €0.77)


By: Felicia Loo



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