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India's MRPL offers 80KT H2 April

Written by: Staff

SEOUL, Mar 23 (Reuters) India's Mangalore Refinery and Petrochemicals Ltd. (MRPL) is offering 80,000 tonnes of 380-centistoke (cst) fuel oil for lifting on April 18-20.

The tender closes on March 28, followed by a one-day bid validity.

MRPL last sold 80,000 tonnes of March 20-22 loading 380-cst fuel oil to Vitol at a discount of around .00-.50 a tonne to Singapore 380-cst quotes.

The refiner's fuel oil, with its low-density, is attractive among traders because of its versatility, enabling it to be blended into either the marine fuels 380-cst grade or into Chinese-specification 180-cst.

Reuters DH VP0754

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