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
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.