Naphtha cargoes fetch record high premium

Reliance Industries has sold up to 20,000 tons of naphtha for H1-March loading to Unipec at around US$70/ton above Middle East quotes on a free-on-board (FOB) basis, setting a new high for naphtha premiums in India, as per China's West Pacific Petrochemical Corp (WEPEC) sold upto 30,000 tons of naphtha for early April loading from Dalian to Japan's Marubeni at a record high premium of about US$55/ton to Japan quotes on an FOB basis.
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