Mangalore Refinery and Petrochemicals (MRPL) has sold 30,000 tons of full-range naphtha for early-March delivery. The availability of this additional material, one of the first Indian naphtha exports for next month, has exerted added pressure on prices that are being brought down by higher supplies. Sold at a premium of US$15-17 a ton to cargo, free on board (FOB) basis, it is priced lower than MRPL's previous sale at a premium of US$19 a ton to Middle East quotes.
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Friday, February 08, 2008
Naphtha Exports From India Recover
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