Pakistan’s ARL, NRL sell 23,500 tonnes naphtha at firmer premium

18 July 2013 10:34  [Source: ICIS news]

SINGAPORE (ICIS)--Pakistan’s Attock Refinery Ltd (ARL) and National Refinery Ltd (NRL) have placed an export tender for a combined naphtha cargo totalling 23,500 tonnes, traders said on Thursday.

Trading firm Gunvor bought the combined cargo that comprised 12,500 tonnes from ARL and 11,000 tonnes from NRL, they added.

The deal for the cargo was done at Singapore market quotes FOB (free on board) plus $2.25/bbl (€1.71/tonne), for loading from Karachi on 23-25 July, traders said.

ARL and NRL previously sold by tender a combined naphtha cargo – 16,500 tonnes from ARL and 9,500 tonnes from NRL – for loading from Karachi on 7-9 July.

In that tender, the deal for the cargo was done at a premium of $1.85/bbl to Singapore market quotes FOB.

($1 = €0.76)

By: Felicia Loo

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