India's Essar sells 35,000 tonnes naphtha for 8-12 April loading

14 March 2014 03:04 Source:ICIS News

SINGAPORE (ICIS)--India's Essar Oil has sold by tender 35,000 tonnes of naphtha for loading from Vadinar on 8-12 April, traders said on Friday.

The deal of the cargo was done at a premium of $33.50/tonne to FOB (free on board) Middle East quotes, they said.

The buyer was Japanese firm ITOCHU.

In its previous tender, Essar sold 35,000 tonnes of naphtha for loading from Vadinar on 26-30 March, to Thailand's PTT.

The deal for the cargo was transacted at a premium of $24.00/tonne to FOB Middle East quotes.

By Felicia Loo