India’s Reliance sells 35,000 tonnes naphtha for end-Jan

09 January 2013 01:53  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold a 35,000 tonne naphtha cargo in the spot market for loading from Sikka on 27-31 January, traders said on Wednesday.

Total was the buyer and the deal for the cargo was done at a premium of $38.00-40.00/tonne (€29-30/tonne) to Middle East quotes FOB (free on board), they added.

Reliance previously sold 55,000 tonnes of spot heavy naphtha for loading from Sikka during mid-January at a premium in the high-$40s/tonne to Middle East quotes FOB.

By: Felicia Loo

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