Tampa:
The second-quarter contract price of molten sulfur delivered to Tampa closed at $103/lt CFR, $27/lt below the first-quarter’s $130/lt value, a 20.77% decrease.
US Gulf:
US Gulf prices softened to $80-$90/mt FOB from the week-ago $95-$100/mt FOB. The market’s last reported trade continued at $110/mt FOB.
Brazil:
Sources noted recent Brazil spot pricing softening to a $110-$120/mt CFR range, falling from the prior $110-$135/mt CFR.
Players reported high inventories and port delays as limiting demand in Brazil, and no new deals are expected soon. Phosphate fertilizer demand also remains absent, and operating rates from phosphate producers in Brazil were reported lower than usual.
Vancouver:
Vancouver prices retracted to $80-$85/mt FOB, $5/mt below last week’s range of $85-$90/mt, with a lack of demand from China blamed for a slight negative sentiment.
Alberta:
Prices were unchanged for the week. 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 a (-)$12-$33/mt FOB range.
West Coast:
West Coast prills were indicated on par with Vancouver at $80-$85/mt FOB, down $5/mt from 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 prior period.
China:
China spot sulfur was reported at $105-$110/mt CFR, below last week’s $115-$120/mt CFR. Some market players expected lower prices in the coming weeks. Bids were reported around the $100/mt CFR level, but with no business concluded.
ADNOC:
Prilled sulfur produced by the Abu Dhabi National Oil Co. (ADNOC) was posted at $84/mt FOB Ruwais for loading in May, $31/mt below $115/mt FOB reported in April. The change represents a roughly 27% decrease from the prior month.
Qatar:
May Muntajat solid sulfur cargoes were posted at $86/mt FOB Ras Laffan, sources said, a $24/mt drop compared to $110/mt FOB posted for April.