Reliance Industries Ltd has offered an 80,000 ton naphtha cargo for Nov. 7-9 loading by spot tender, as per trading sources. The closing date and validity for the tender was not immediately available, but a limited number of companies have been invited, as per the traders. Reliance last sold an 80,000-tonne naphtha cargo for Oct 29-30 loading to Western trader Cargill at $9 a ton premium to Middle East spot quotes, free-on-board (FOB) basis from Sikka port in Jamnagar on Western Gujarat state.
Indian refiners have sold or offered at least 260,000 tonnes of November loading so far.
Indian refiners have sold or offered at least 260,000 tonnes of November loading so far.
