India’s Reliance to soon close naphtha sell tender for late Oct

25 September 2013 11:16  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) is closing an export tender for 55,000 tonnes of naphtha for loading from Sikka on 25-30 October, traders said on Wednesday.

The tender will soon close late on Wednesday, they said.

In its previous tender, Reliance sold two naphtha cargoes totalling 110,000 tonnes for loading from Sikka during 8-17 October.

The deals for the two 55,000-tonne cargoes were done at a premium of $23-24/tonne (€17-18/tonne) to Middle East quotes FOB (free on board), with Japanese trading firm Itochu and Glencore as buyers.

($1 = €0.74)
By: Felicia Loo

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