23 January 2013 04:00 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) sold a 55,000 tonne naphtha cargo to Japanese trading firm ITOCHU for loading from Sikka on 15-20 February, traders said on Wednesday.
The spot deal for the open-spec material was done at a premium of $42.00-43.00/tonne (€31.50-32.25/tonne) to Middle East quotes FOB (free on board), they added.
RIL previously sold a 35,000 tonne naphtha cargo in the spot market for loading from Sikka on 27-31 January. Total was the buyer and the deal for the cargo was done at a premium of $38.00-40.00/tonne to Middle East quotes FOB.
($1 = €0.75)
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