Tampa:
Tampa molten sulfur contracts were valued at $55/lt CFR for the third quarter, a 46.6% decline from $103/lt CFR in the prior period.
US Gulf:
The US Gulf sulfur market increased to $75-$85/mt from the week-ago $65-$70/mt FOB. Sources noted healthy demand from both industrial and fertilizer consumers.
Brazil:
Market expectations lifted Brazil sulfur price ideas to $100-$120/mt CFR, up from $85-$95/mt CFR at last report. A new 40,000 mt purchase tender called by CMOC is expected to clarify the market, sources noted.
Vancouver:
Vancouver sulfur prices increased to $90-$95/mt FOB on rising demand from China and buyers East of Suez. The market was previously noted at $80-$90/mt FOB.
Alberta:
Alberta netback estimates lifted to (-)$60-$25/mt FOB due to rising prices at Vancouver. Molten sulfur cargoes contracted into the US market set the low side of the range.
West Coast:
West Coast prills mirrored Vancouver, firming to the $90-$95/mt FOB range. Molten sulfur contracts were reported at $45-$50/lt FOB for loading in the third quarter, down from $98-$106/lt FOB in the prior period, a 53.4% decline.
China:
Prices continued to move up in China. Players reported the market lifting $10/mt week-over-week, to $120-$130/mt CFR. While high phosphate prices at China and other Asian markets have encouraged sulfur demand, some market players questioned whether the increases could be sustained given the high sulfur inventories noted at Chinese ports.
ADNOC:
Prilled sulfur produced by the Abu Dhabi National Oil Co. (ADNOC) was posted at $80/mt FOB Ruwais for August.
Qatar:
The August sulfur price from Muntajat was posted at $82/mt FOB Ras Laffan, sources said.