India’s Reliance sells 20,000 tonnes naphtha for 8-10 March

21 February 2013 03:22  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold a 20,000-tonne spot naphtha cargo for loading from Sikka on 8-10 March, traders said on Thursday.

The deal for the cargo was done at a premium of $69-70/tonne (€52-53/tonne) to Middle East quotes FOB (free on board), they added.

The buyer was Chinese company Unipec, traders said.

Reliance previously sold a 35,000-tonne cargo of heavy naphtha for loading from Sikka on 3-7 February, at a premium of around $40/tonne to Middle East quotes FOB.

($1 = €0.75)

By: Felicia Loo

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