Vietnam’s Nghi Son offers spot November diesel in rare move

Vietnam’s Nghi Son Refinery and Petrochemical (NSRP) has offered second-half November loading spot diesel cargoes in a rare move, a document on the company’s website showed on Tuesday.

The country’s largest refiner is seeking to sell around 35,000 kilolitres (29,365 metric tons) of 50 ppm sulphur diesel loading Nov. 16-20 and 30,000 kilolitres 10 ppm sulphur diesel loading Nov. 22-26, the document showed.

The tender closes on Nov. 2, with no exact details on its validity.

NSRP currently has high stockpiles for some fuels and probably has to export, two sources said.

The company just brought online its 200,000 barrel-per-day refinery after a scheduled maintenance. NSRP has been absent from the spot sales market in the past year, Reuters records showed.

Separately, Vietnam’s other refiner, Petrolimex, bought around 11,000 tons of 10ppm sulphur diesel loading Nov. 16-20 from Singapore, Thailand, Malaysia or Brunei at a free-on-board (FOB) premium of above $2 a barrel linked to FOB Singapore quotes, one of the two sources said.
Source: Reuters (Reporting by Trixie Yap; editing by Jason Neely)