India’s Reliance sells 55,000 tonnes naphtha for 22-26 May

18 April 2013 10:42  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold by tender a 55,000-tonne naphtha cargo for loading in the second half of May, traders said on Thursday.

The deal for the cargo was done at a premium of $30/tonne (€23/tonne) to Middle East quotes FOB (free on board), and the buyer was Chinese trading firm Unipec, they said.

The loading for the cargo will take place at Sikka during 22-26 May, traders said.

($1 = €0.77)

By: Felicia Loo

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