India’s MRPL offers 35,000 tonne naphtha for first-half March

04 February 2014 01:28 Source:ICIS News

SINGAPORE (ICIS)--India’s Mangalore Refinery and Petrochemicals Ltd (MRPL) is selling by tender a 35,000 tonne naphtha cargo for loading from the New Mangalore port on 10-12 March, according to a tender document obtained by ICIS on Tuesday.

The tender closes on 5 February, with bids to stay valid until 6 February, it stated.

MRPL previously sold by tender a similar-sized naphtha cargo for loading from the New Mangalore port on 16-18 February.

The buyer of the cargo was Chinese trading firm Unipec. The deal for the cargo was done at a premium of $36/tonne to FOB (free on board) Middle East quotes.

By Felicia Loo