Reuters logo
BUZZ-ADNOC's 2018 naphtha to be finalised at $14.50-$18
November 13, 2017 / 5:48 AM / 8 days ago

BUZZ-ADNOC's 2018 naphtha to be finalised at $14.50-$18

** Abu Dhabi National Oil Co (ADNOC) keeps offers for its 2018 naphtha grades at $14.50 to $18.00 a tonne above its formula on a free-on-board (FOB) basis after shaving 50 cents off three of four grades in early Nov

** Paraffinic and low-sulphur (East) grades are offered at $18 and $15.50 respectively

** Low-sulphur (West) and splitter grades are offered at $14.50 a tonne each

** Current quotations are at least 120 percent higher versus its 2017 contract premiums

** ADNOC says it has already concluded the contract at the above offers and there will be no more price negotiations, traders add

** Buyers are to reply by Nov. 14 (Reporting by Seng Li Peng)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below