Tampa:
Second-quarter Tampa molten sulfur negotiations continued during the week, with players expecting prices to move up from the current $69/lt CFR contract. The fourth-quarter 2023 contract was valued at $102/lt CFR.
US Gulf:
Citing balanced market conditions, sources pegged sulfur pricing at $69-$71/mt FOB out of the US Gulf, unchanged from one week earlier.
Brazil:
Brazil import prices were noted at $105-$110/mt CFR, firming from $95-$100/mt CFR in the prior week.
Vancouver:
Vancouver prilled sulfur exports were steady at $77-$80/mt FOB.
Alberta:
Alberta sulfur netbacks were estimated at (-)$46-(-)$1/mt FOB. The range included molten sulfur cargoes contracted into the US market and solid tons shipped internationally through the Vancouver export market.
West Coast:
Solid sulfur loading from the West Coast was stable at $77-$80/mt FOB. Molten sulfur contracts were valued at $50-$55/lt FOB for first-quarter loading, below $85-$90/lt FOB in the prior period.
China:
While China sulfur imports were unchanged in the $100-$105/mt CFR range during the week, some players predicted softer pricing ahead.
ADNOC:
Sulfur produced by the Abu Dhabi National Oil Co. (ADNOC) was reported at $69/mt FOB Ruwais for February, down 10.4% from the $77/mt FOB reported in January. March pricing is expected to rise in line with the Qatar market.
Qatar:
Muntajat posted prices firmed 13% for March loading, to $78/mt FOB Ras Laffan from $69/mt FOB in February.