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

11-Nov-11

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.