Saudi Aramco offers naphtha at record prices
Riyadh, May 21, 2012
Saudi Aramco, the top naphtha supplier to Asia, offered naphtha supplies for lifting in the second half of this year at premiums of $25 to $33 a tonne to its own price formula, making these the highest offers it has ever quoted, traders said on Monday.
Saudi Aramco is offering the following grades: A310 at $33 a tonne premium, followed by A180 at $31 a tonne premium, Jubail at $29 a tonne premium and Rabigh/Jeddah naphtha at $25 a tonne premium.
The offers came a day after Adnoc had asked for record offers.-Reuters