Reliance Industries' export volumes lower in April

摘要

Reliance Industries has sold 55,000 tons of naphtha for late April loading from Sikka to a European trading house, but the refiner may limit its exports for next month due to stronger gasoline demand. According to reports Reliance sold the cargo at premiums in the high US$20s/ton level to Middle East quotes on a free-onboard (FOB) basis, similar to the average premium it had fetched for two cargoes totalling 90,000 tons for March loading.