Saudi Aramco undecided about 60,000 tons naphtha for mid-October loading to Asia

20-Sep-10
Saudi Aramco, not a regular spot seller until H2-2010, seems undecided about selling 60,000 tons of naphtha for mid-October loading to Asia due to a weak market. Saudi Aramco was initially to sell 45,000 tons for October 14-16 loading from Rabigh to be co-loaded with 15,000 tons from Jeddah as per Reuters. The company, Asia's top naphtha supplier, has recently concluded deals for 55,000-75,000 tons for October 2-4 loading from Ras Tanura to Chevron at a premium of about US$8/ton to Middle East quotes on a free-on-board (FOB) basis. These premiums have seen a sizeable drop compared to previous sales for parcels lifting in H2-September. Abundant supplies have continued to weigh on sentiment.
  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