Tampa:
Second-quarter Tampa molten sulfur contracts were settled at $81/lt CFR, a 17.4% increase from the first quarter’s $69/lt CFR contract. The new price will take effect on April 1.
US Imports:
Sulfur imports softened 10.6% in July-January, to 1.44 million st from 1.61 million st in the same period of 2022-2023. Imports were up 2.1% in January, however, to 192,423 st from the year-ago 188,424 st.
Cargoes from Canada were reported at 772,740 st in July-January, followed by Saudi Arabia with 149,133 st. Mexico sent 106,315 st, ahead of 97,595 st from Iraq.
US Exports:
July-January sulfur exports were counted at 1.35 million st, up 5.8% from the year-ago 1.27 million st. January shipments fell 0.7%, however, to 191,475 st from 192,828 st in the prior January.
Brazil took 658,391 st in July-January, ahead of 351,896 st to Mexico and 135,181 st to Morocco. Tons shipped to New Caledonia were steady at 120,229 st.
US Gulf:
US Gulf sulfur was stable at $80-$81.50/mt FOB, players said.
Brazil:
Brazil imports strengthened to $111-$114/mt CFR, up from $105-$110/mt CFR at last report.
Vancouver:
Vancouver solid sulfur pricing held steady at the week-ago $77-$80/mt FOB level.
Alberta:
Alberta sulfur netbacks continued at (-)$34- $11/mt FOB, with both molten cargoes contracted into the US market and solid tons sold through the Vancouver export market represented in the range.
West Coast:
West Coast prills remained even with Vancouver at $77-$80/mt FOB. Negotiations for second-quarter molten sulfur contracts were ongoing, leaving current contracts in the $50-$55/lt FOB range.
China:
China import sulfur prices were steady in the $100-$105/mt CFR range. With port sulfur inventories reportedly approaching the 3 million mt mark in recent weeks, some market players expect prices to come off in the short-term.
ADNOC:
Abu Dhabi National Oil Co. (ADNOC) sulfur was posted at $78/mt FOB Ruwais for March loading, sources said, a 13% increase from the $69/mt FOB reported in February.
Qatar:
Muntajat offers for March were noted at $78/mt FOB Ras Laffan, rising from February’s $69/mt FOB posting.
Correction:
In the March 15 Green Markets issue, the footnote to the Sulfur price chart incorrectly listed the contract prices for Tampa, Houston, and NOLA as 1Q instead of 2Q.