India’s MRPL sells 35,000 tonnes naphtha for early June

06 May 2013 10:35  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold by tender a 35,000-tonne naphtha cargo for early June loading, traders said on Monday.

The deal for the cargo was done at a premium of $33.50/tonne (€25.46/tonne) to Middle East quotes FOB (free on board). The cargo will be loaded from the New Mangalore port on 5-7 June, they said.

The buyer was PetroDiamond, traders said.

In its previous tender, MRPL sold a similar-sized cargo to PetroChina for loading from the New Mangalore port on 26-28 May, at a premium of $38.50/tonne to Middle East quotes FOB.

($1 = €0.76)

By: Felicia Loo

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