India’s Reliance sells 35,000 tonnes naphtha at $29.50/tonne premium

29 May 2013 11:11  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold 35,000 tonnes of spot naphtha supply to trading firm Mercuria for loading in late June, said a trader familiar with the deal on Wednesday.

The deal for the cargo was done at a premium of $29.50/tonne (€23.00/tonne) to Middle East quotes FOB (free on board), he added.

The loading of the cargo from Sikka will take place on 24-28 June, the trader said.

Reliance previously sold by tender a 55,000 tonne naphtha cargo at a premium of $30/tonne to Middle East quotes FOB. The buyer was Chinese trading firm Unipec and the loading of the cargo was during 22-26 May.

($1 = €0.78)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index