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* Saudi Aramco Begins To Offer Term Naphtha For 1H '12 -Trader
Tuesday, Dec 13, 2011
(MORE TO FOLLOW) Dow Jones Newswires
13-12-11 0958GMT
Saudi Aramco Begins To Offer Term Naphtha For 1H '12 -Trader
Tuesday, Dec 13, 2011
SINGAPORE (Dow Jones)--Saudi Arabian Oil Co., or Saudi Aramco , has begun to offer term naphtha contracts for first-half 2012 supply at $13-$20 a metric ton above its own formula on a free-on-board basis, a trader involved with the negotiations said Tuesday.
The company, one of the top two suppliers to Asia, is offering A-180 grade at plus $19/ton, chemical-treated grade from Rabigh at plus $17/ton, chemical feed grade from Jubail at plus $16.50/ton and A-310 grade from Ras Tanura at plus $20/ton and from Jeddah at plus $13/ton, the trader said.
For the July-December 2011 period, the company settled premiums for A-180 grade at $21/ton, for chemical-treated grade from Rabigh at $20/ton, chemical feed grade from Jubail at $19/ton, A-310 from Ras Tanura at $19/ton and A-310 from Jeddah at $16/ton.
Saudi Aramco is holding face-to-face meetings with term customers in London and is expected to finish talks this week.
-By Max Lin, Dow Jones Newswires; 65-6415-4063; max.lin@dowjones.com
(END) Dow Jones Newswires
13-12-11 1011GMT
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