India’s MRPL sells 35,000 tonnes naphtha for second-half Nov

14 October 2013 03:56  [Source: ICIS news]

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold by tender a 35,000-tonne naphtha cargo for loading the New Mangalore port on 19-21 November, traders said on Monday.

The deal for the cargo was done at FOB (free on board) Middle East quotes plus $20/tonne (€15/tonne), they said.

The buyer was Japanese trading firm ITOCHU.

In its previous tender, MRPL sold a similar-sized naphtha cargo for loading on 3-5 November from the New Mangalore port, to Japanese trading firm Marubeni.

The deal for the cargo was done at a premium of $17.00/tonne (€12.58/tonne) to Middle East quotes FOB.

($1 = €0.74)

By: Felicia Loo

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