Asia Naphtha-India's MRPL sells November volume at firm premiums

SINGAPORE, Oct 8 (Reuters) - India's Mangalore Refinery andPetrochemicals Ltd sold a November naphtha cargo toPetroDiamond at $34-$35 per tonne above Middle East quotes on afree-on-board (FOB) basis, reflecting persistently firmpremiums, traders said on Monday.

The 35,000-tonne cargo, scheduled for Nov. 7-9 loading fromNew Mangalore, was sold on Friday.

MRPL had previously sold four cargoes totalling 140,000tonnes for October loading at premiums ranging from $35 pertonne to $46 per tonne.

"FOB premiums are still going strong. I think people arestill short of cargoes," said a Singapore-based trader.

India's October naphtha exports have recovered to above750,000 tonnes versus less than 550,000 tonnes in September.

Europe, on the other hand, had reduced its October exportsto Asia to around 450,000 tonnes versus 800,000 tonnes lastmonth.

(Reporting by Seng Li Peng; Editing by Prateek Chatterjee)

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