Kuwait Petroleum Corporation Sells 85,000 Tons of Naphtha for December Shipments
Kuwait Petroleum Corporation sells 85,000 tons of naphtha at a premium of $120 over Japanese Crude Marker prices for December shipments.
Translated by Qiyas from الوسط — Original source
The Kuwait Petroleum Company sold 85,000 metric tons of full-range naphtha at a premium of more than $120 per ton above Japanese standard reference prices for the second half of December, according to a tender document and market traders. The document stated that the cargo would be loaded between November 1 and 11, with delivery on a landed basis at the destination port. A naphtha trader was quoted as saying that the company had previously awarded a tender to sell 55,000 tons for loading in the same period, at a premium ranging from $70 to $75 per ton above Japanese standard reference prices, under the same delivery terms. The latest tender marks the company’s third sale in October, bringing the total volume sold through tenders this month to 175,000 tons.
