India’s Reliance sells 55,000 tonnes naphtha for late Oct
26 September 2013 08:55 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold by tender 55,000 tonnes of naphtha
for loading from Sikka on 25-30 October, traders said on Thursday.
The deal for the cargo was done at a premium of $15-17/tonne (€11-13/tonne) to Middle East quotes FOB (free on board), they added.
The buyer was trading firm Glencore, traders said.
In its previous tender
, Reliance sold two naphtha cargoes totalling 110,000 tonnes for loading from Sikka during 8-17 October.
Reliance sold the two 55,000-tonne cargoes at a premium of $23-24/tonne to Middle East quotes FOB, to Japanese trading firm Itochu and trading firm Glencore.
($1 = €0.74)By: Felicia Loo
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