Monday, July 27, 2009

Reliance sells 80,000 tons of naphtha for H2 Aug at lower premiums

Naphtha prices in Asia continue to dampen as supplies strengthen. Reliance Industries has sold 80,000 tons of naphtha by tender for Aug 16-21 lifting from Sikka to Vitol a per ton premium of US$15 to Middle East quotes, on a free-on-board (FOB) basis.

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