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.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections