Reliance Industries sells naphtha at lower premium vs October

27-Oct-09
Reliance Industries has realized a lower premium versus October on naphtha on account of relatively weak markets in H1-October due to demand uncertainties in China. Reliance has sold 75,000 tons of naphtha by tender for Nov. 22-26 lifting from Sikka to Itochu at about US$14-15/ton above Middle East quotes on a free-on-board (FOB) basis. This premium is lower than the US$18-19/ton it fetched for an October cargo sold to Daelim and Itochu each. Premiums are expected to improves in line with improving market sentiments as the Chinese buyers were seen replenishing stocks after they returned from their week-long National holiday.
  More News  Post Your Comment
{{comment.Name}} made a post.
{{comment.DateTimeStampDisplay}}

{{comment.Comments}}

COMMENTS

0

There are no comments to display. Be the first one to comment!

*

Name Required.

*

Email Id Required.

Email Id Not Valid.

*

Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.
*

Message Required.

Click to Change image  Refresh Captcha