India’s Reliance sells 55,000 tonnes naphtha for early July

17 June 2013 03:38  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold 55,000 tonnes of spot naphtha supply to Vitol for 5-10 July loading from Sikka, traders said on Monday.

The deal for the cargo was done at a premium of $23.00-24.00/tonne (€17.25-18.00/tonne) to Middle East quotes FOB (free on board), they added.

RIL last sold 35,000 tonnes of spot naphtha supply to trading firm Mercuria for loading at a premium of $29.50/tonne to Middle East quotes FOB. The loading of the cargo from Sikka is scheduled on 24-28 June.

($1 = €0.75)


By: Felicia Loo



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