January 18, 2018 / 4:11 AM / a month ago

India's MRPL sells Feb-loading naphtha at lower premiums on high supply

SINGAPORE, Jan 18 (Reuters) - -

* India’s Mangalore Refinery and Petrochemicals Ltd sells naphtha at lower premiums as high supplies persist

* MRPL sells 35,000 tonnes of naphtha for Feb. 25-27 loading from New Mangalore to Gunvor at premiums of $13 to $14 a tonne to Middle East quotes on a free-on-board (FOB) basis

* Premium is at least 15 percent lower versus a recent cargo MRPL sold to Socar for Feb. 8-10 loading

* The latest premium is also the lowest for MRPL since it sold a cargo last year for Nov. 3-5 loading (Reporting by Seng Li Peng; Editing by Christian Schmollinger)

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