Tampa:
Fourth-quarter Tampa molten sulfur contracts were valued at $102/lt CFR, 85% above $55/lt CFR in the third quarter.
US Gulf:
US Gulf export pricing was steady at the week-ago $85-$90/mt FOB level, with players reporting soft sentiment in the market.
Brazil:
Brazil prices were unchanged from last week at $110-$117/mt CFR. Nearby demand was successfully covered in the last round of business, sources reported.
Vancouver:
With market attention reportedly centered on China’s new export restrictions, Vancouver prill prices remained at $80-$90/mt FOB.
Alberta:
Estimated netbacks at Alberta remained at (-)$13-$30/mt FOB for the week. Both molten sulfur cargoes contracted into the US market and solid tons sold through the Vancouver export market were represented in the wide range.
West Coast:
Solid sulfur loading from the West Coast remained even with Vancouver at $80-$90/mt FOB. Fourth-quarter molten sulfur contracts were reported at $85-$90/lt FOB.
China:
China import prices were quoted at $105-$110/mt CFR, unmoved from the prior report. Citing the country’s new phosphates export restrictions and reports of high inventories, some market players expect prices to continue falling in China.
ADNOC:
Abu Dhabi National Oil Co. (ADNOC) sulfur was posted at $100/mt FOB Ruwais for November loading, a 9.9% decrease from $111/mt FOB in October. With current posted prices in the Arab Gulf described as economically unviable to any international destination, transactions from the region are likely concluding below posted levels, sources said.
Qatar:
November offer prices from Muntajat were noted at $98/mt FOB Ras Laffan, off from October’s $104/mt FOB posting.