18 February 2013 09:57 [Source: ICIS news]
SINGAPORE (ICIS)--Thailand's refinery and cracker operator Integrated Refinery and Petrochemical Complex (IRPC) has sold a 30,000-tonne heavy naphtha cargo for loading from Rayong in the second half of March, traders said on Monday.
The deal for the cargo was done at a premium of $50.00/tonne (€22.50/tonne) to Japan quotes FOB (free on board), they said.
In a previous tender, IRPC sold 45,000 tonnes of heavy naphtha for loading from Rayong in the second half of February, at a premium of $30.00/tonne to Japan quotes FOB.
Tighter regional supply and strong demand helped to underpin naphtha prices in Asia, traders said.
($1 = €0.75)
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