RPC sells 60,000 tons of heavy naphtha for September – sold volumes more than expected

27-Aug-12

Thailand's IRPC sold a total of 60,000 tones of heavy naphtha for September loading from Rayong port, more than its usual monthly exports, to a Japanese and Chinese buyer, as per Reuters. Around 30,000 tons were sold at premiums of about US$50/ton to Japan quotes on a free-on-board (FOB) basis to a Japanese end user and another cargo of similar volume at the same premium to a Chinese petrochemical maker. IRPC usually sells one spot cargo a month, but there are times where it will sell more than the usual volume as this is dependent on its refinery operations.