Tampa:
The second-quarter contract price of molten sulfur delivered to Tampa was set at $103/lt CFR, $27/lt below $130/lt CFR in the first quarter, a 20.8% decrease. The spot market has now fallen below the contract price, some market players said.
US Gulf:
The market remains under pressure, players reported. Prices were noted dropping to a $55-$65/mt FOB range, $5/mt below last week’s $60-$70/mt FOB.
Brazil:
Despite a lack of concluded business, market players put prices at $87-$95/mt CFR for the week, down about 17% from the week-ago $105-$115/mt CFR. Sources expect the next round of demand to be for August arrival.
Vancouver:
Vancouver prices slipped to $70-$75/mt FOB, $10/mt below the prior $80-$85/mt FOB range.
Alberta:
Alberta sulfur netbacks were estimated in a (-)$12-$33/mt range, based both on molten sulfur cargoes contracted into the US market and solid tons sold through the Vancouver export market.
West Coast:
West Coast prills were indicated on par with Vancouver in a $70-$75/mt FOB range.
Molten sulfur contracts were reported at $98-$106/lt FOB for loading in the second quarter, down from $125-$135/lt FOB in the prior period.
China:
The China import sulfur price fell nearly 13.5% week-over-week. Sources reported multiple transactions in a $90-$95/mt CFR range, a $15/mt drop from last week’s $105-$110/mt CFR.
ADNOC:
Prilled sulfur produced by the Abu Dhabi National Oil Co. (ADNOC) remained posted at $86/mt FOB Ruwais for loading in June. As with product loading from Qatar, buyers reported that a $10/mt discount may be possible on firm interest.
Qatar:
June Muntajat solid sulfur cargoes were posted at $86/mt FOB Ras Laffan, unchanged from May. Some players reported that a potential $10/mt discount could be available on firm interest.