India's MRPL awards 35,000 tonnes naphtha tender for 20-22 April

21 March 2014 09:02 Source:ICIS News

SINGAPORE (ICIS)--India's Mangalore Refinery and Petrochemicals Ltd (MRPL) has awarded a tender offering a 35,000-tonne naphtha cargo for loading from the New Mangalore port on 20-22 April, traders said on Friday.

MRPL sold the naphtha cargo at a premium of $42.50/tonne to FOB (free on board) Middle East quotes to Chinese trading company Unipec, they said. 

The tender closed on 19 March, and bids had validity until 20 March.

In its previous tender, MRPL sold a 35,000-tonne naphtha cargo for loading from the same port on 7-9 April to Unipec.

The deal for the cargo was done at a premium of $36/tonne to FOB Middle East quotes.

By James Dennis