MRPL sells third naphtha cargo for December lifting to Cargill at largely steady premiums

India's Mangalore Refinery and Petrochemicals Ltd (MRPL) has managed largely steady premiums for December lifting cargo, as per Reuters. MRPL sold a cargo of 35,000 tons for Dec. 28-30 loading from New Mangalore to Cargill at premiums of about US$14/ton to Middle East quotes on a free-on-board (FOB) basis. Two other cargoes for December loading have been sold to Vitol and Total at premiums of US$14/ton and US$14.15/ton respectively.However, these figures are weaker when compared to November premiums of US$18-23/ton as lack of petrochemical import demand from China has resulted in weaker naphtha sentiment.
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