India’s MRPL sells 35,000 tonne naphtha for mid-February

20 January 2014 04:02  [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 from the New Mangalore port on 16-18 February, traders said on Monday.

The buyer of the cargo was Chinese trading firm Unipec, they said.

The deal for the cargo was done at a premium of $36/tonne to FOB (free on board) Middle East quotes, the traders said.

MRPL previously sold by tender a 35,000 tonne naphtha cargo for loading from the New Mangalore port on 6-8 February, to trading firm Vitol. The deal for the cargo was done at a premium of $40-41/tonne to FOB Middle East quotes.

Separately, MPRL has an outstanding tender to sell a similar-sized naphtha cargo for loading from the New Mangalore port on 26-28 February. The tender closes on 23 January, with bids to stay valid until 24 January.


By: Felicia Loo



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