U.S. Gulf: Sulfuric acid traders quoted price ideas in the $45-$50/mt CFR range for vessels delivered to the Gulf of Mexico, unchanged from the previous report. The current Gulf market is largely dependent on the Brazil import price, some argued, where recent transactions were quoted in the $45-$55/mt CFR range.
Material offered from smelters in Northwest Europe was priced in the $10-$15/mt FOB range, with freight to the U.S. Gulf called $30-$35/mt. Supply in the European market will reportedly remain limited through October. Cargoes destined for Chile carried $55-$65/mt CFR pricing, sources said.
In the domestic sphere, West Coast-delivered acid was quoted at $110-$115/mt DEL, flat from the prior week, with the Gulf region quoting levels in the $90-$95/mt DEL range. For the Midwest, prices were noted at $80-$90/mt DEL.
U.S. sulfuric acid exports were higher for the month of July. TFI put sales at 15,087 st, up 7 percent from the July 2015 total of 14,152 st.
Zinc values softened on the London Metal Exchange last week, trading at $2,232.00/mt on Sept. 14, a 4.6 percent decline from the prior week’s $2,334.00/mt.