Tampa:
Third quarter Tampa molten sulfur contracts are expected to settle soon, possibly as early as next week. Market rumors focused on a possible $30-$40/lt drop from the second quarter’s $103/lt CFR price, placing speculation in a general $63-$73/lt CFR range.
US Gulf:
Multiple transactions took place this week in the range of $57-$61/mt FOB, slightly above the week-ago $55-$60/mt FOB. Sources continued to note a general feeling of balance in the market.
Brazil:
A CMOC tender expected to close soon was likely to land pricing around $80-$85/mt CFR, sources said. Players reported demand from other importers for second-half August arrival. Buyers are expecting a price in the $70-$75/mt CFR range, although some sources described those expectations as below the current market.
Vancouver:
Prices remained unchanged from last week’s $60-$70/mt FOB.
Alberta:
Based on molten sulfur cargoes contracted into the US market and prilled material tons sold internationally through the Vancouver export market, estimated Alberta sulfur netbacks were unchanged in a (-)$12-$33/mt FOB range.
West Coast:
West Coast prills remained on par with Vancouver in a $60-$70/mt FOB range.
Molten sulfur contracts were reported at $98-$106/lt FOB for second-quarter loading, falling from $125-$135/lt FOB in the prior period.
China:
Prices were stable, and continued to be reported at last week’s $80-$85/mt CFR level.
ADNOC:
With no changes reported, third-quarter Abu Dhabi National Oil Co. (ADNOC) prilled sulfur contracts continued to be called $65/mt FOB Ruwais. Posted prices for June were $86/mt FOB Ruwais, with no updated offers for July reported during the week.
Qatar:
Muntajat solid sulfur was posted at $63/mt FOB Ras Laffan for July loading, a 26.7% drop from June’s $86/mt FOB offer.