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

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

Previous News

Next News

{{comment.Name}} made a post.




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