Tampa:
The second-quarter contract price of molten sulfur delivered to Tampa closed at $103/lt CFR, $27/lt below $130/lt in the first quarter, a 20.8% decrease.
US Gulf:
US Gulf prices were reported softening to $95-$100/mt FOB from last week’s $103-$105/mt FOB. Refineries are coming back from turnarounds, sources said, increasing sulfur supply. At the same time, fertilizer producers are producing at a healthy rate to supply North American demand, keeping the market in a delicate balance.
Brazil:
Sources noted Brazil spot prices softening to a $110-$135/mt CFR, down from previous $129-$140/mt CFR. There were reports that Unigel has made its first sulfur purchase for the company’s new sulfuric acid production unit, which will have an estimated sulfur input demand of 180,000 mt/y.
Vancouver:
Vancouver prices continued in the $85-$90/mt FOB range, unchanged from last week, with a lack of demand from China blamed for a slightly negative sentiment in the market.
Alberta:
Based on both molten sulfur cargoes contracted into the US market and solid tons sold through the Vancouver export market, Alberta sulfur netbacks were estimated in the (-)$12-$33/mt range, unchanged from last week.
West Coast:
West Coast prills were indicated on par with Vancouver in a $85-$90/mt FOB range, the same as last week.
Molten sulfur contracts for loading in the second quarter were reported at $98-$106/lt FOB, falling from $125-$135/lt FOB in the first quarter.
China:
China spot sulfur import pricing remained unchanged from last week in the $115-$120/mt CFR range. Some market players expect to see lower prices in the coming weeks.
ADNOC:
Prilled sulfur produced by the Abu Dhabi National Oil Co. (ADNOC) was posted at $115/mt FOB Ruwais for loading in April, while discounted product was offered around $95/mt FOB.
Qatar:
April Muntajat solid sulfur cargoes were posted at $110/mt FOB Ras Laffan, sources said. Offers were reported around $90/mt FOB, $20/mt below the posted price.