30,000 ton naphtha cargo offered by MRPL at a discount

03-Oct-07
Mangalore Refinery and Petrochemicals Ltd (MRPL) has sold a 30,000 ton naphtha cargo for H2-October loading at a discount as against a premium commanded for its previous sale. Ample supplies from India and soft demand for H1-November delivery cargoes from Northeast Asian petrochemical producers could be the factors affecting this drop in cargo values. MRPL sold the Oct 22-24 loading cargo at a $2.80-$3.00 a ton discount to Middle East spot quotes, free-on-board (FOB) New Mangalore basis.
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