India’s Reliance sells 55,000 tonnes naphtha for 8-12 Nov

10 October 2013 05:12  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Reliance Industries Ltd (RIL) has sold a 55,000-tonne naphtha cargo to trading firm Glencore for loading from Sikka in the first half of November, traders said on Thursday.

The deal for the cargo was done at Middle East quotes FOB (free on board) pricing plus $16/tonne (€12/tonne), they added.

The loading dates are scheduled on 8-12 November, traders said.

Previously, Reliance sold 55,000 tonnes of naphtha for loading from Sikka on 25-30 October to Glencore at a premium of $15-17/tonne to Middle East quotes FOB.

($1 = €0.74)
By: Felicia Loo

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