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



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

ICIS news FREE TRIAL
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