India’s Reliance sells 55,000 tonnes naphtha for 15-20 Feb

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)


By: Felicia Loo



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