India’s Reliance sells 55,000 tonnes heavy naphtha for mid-Jan

02 January 2013 08:19  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold 55,000 tonnes of spot heavy naphtha for loading from Sikka in mid-January, traders said on Wednesday.

The deal for the cargo was done at a premium in the high-$40s/tonne ($30.40/tonne) to Middle East quotes FOB (free on board), they added.

RIL previously sold by tender 55,000 tonnes of naphtha for loading from Sikka on 24-28 December, at a premium of $31.50/tonne to Middle East quotes FOB.

($1 = €0.76)

By: Felicia Loo

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