Reliance Industries has sold a total of 110,000 tons of naphtha for October loading from Sikka, double the volumes it indicated in a tender, as per Reuters. The cargoes, each of 55,000 tons, were sold to a European trader and a Japanese trader, at low premiums of US$20-25/ton to Middle East quotes on a free-on-board (FOB) basis. These were higher than the average premium of nearly $20 a tonne it had fetched for three cargoes sold for September loading.
State-owned Mangalore Refinery & Petrochemicals Ltd (MRPL) has sold a 35,000 ton cargo for Oct. 17-19 loading from New Mangalore to Marubeni at a premium of about US$27.50/ton to Middle East quotes on an FOB basis. This was steady compared to the average premium it had received previously for two October cargoes sold to Petrodiamond and Idemitsu.
19-Sep-13 
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