Tampa:
Tampa molten sulfur contracts settled last week at $76/lt CFR for the third quarter, a 6.2% decline from $81/lt CFR in the second quarter. The new contract price is set to take effect on July 1.
US Gulf:
The softening Brazil market pulled prices to $72-$75/mt FOB in the US Gulf, a $3-$5/mt decline from last week’s $75-$80/mt FOB.
Brazil:
Sources confirmed multiple $103/mt CFR transactions into Aratu and Santos covering near-term demand, a $1-$3/mt decline from $104-$106/mt CFR at last report.
Vancouver:
Vancouver prilled sulfur was stable at $69-$74/mt FOB.
Alberta:
Alberta sulfur netbacks continued in the (-)$34-$11/mt FOB range, and included both molten sulfur cargoes contracted into the US market and prilled material sold internationally through the Vancouver export market. Prices are expected to fall when the updated Tampa contract takes effect in the third quarter.
West Coast:
Solid sulfur loading from the West Coast was steady at $69-$74/mt FOB. With no new pricing reported for the third quarter, molten sulfur contracts continued in the $60-$62/lt FOB range for 2Q.
China:
China sulfur imports firmed slightly, to $105-$110/mt CFR from the week-ago $101-$105/mt CFR, though high inventory levels reported around 2.8 million mt are reportedly keeping a lid on the market.
ADNOC:
Sulfur produced by the Abu Dhabi National Oil Co. (ADNOC) was posted at $80/mt FOB Ruwais for June loading, down 8.0% from $87/mt FOB in May, while third-quarter pricing was reportedly unchanged from the second quarter at $79/mt FOB. An updated price posting for July is expected soon.
Qatar:
A Muntajat spot trade was estimated to close at $85/mt FOB, sources said, as traders are reportedly fighting for position in advance of the release of Qatar’s posted price for July. The June offer was noted at $79/mt FOB Ras Laffan, off 8.1% from $86/mt FOB in May.