Tampa:
Third-quarter Tampa molten sulfur contracts softened to $76/lt CFR, off 6.2% from $81/lt CFR in the second quarter.
US Gulf:
US Gulf sulfur continued at the week-ago $90-$95/mt FOB level, with no new business concluded. Fresh business expected soon out of Brazil will likely push the Gulf price higher, sources said.
Brazil:
Brazil sulfur was unchanged at $119/mt CFR. With sources reporting demand from multiple buyers and higher prices noted in the east of the country, market players expect rising prices in the next round of business.
Vancouver:
The Vancouver sulfur market followed China higher, to $95-$100/mt FOB from last week’s $80-$86/mt FOB.
Alberta:
The firming Vancouver market stretched Alberta netbacks to an estimated (-)$39-$30/mt FOB, up from (-)$39-$6/mt FOB reported previously, with molten tons contracted in the US market setting the bottom of the range.
West Coast:
The West Coast prill market was noted in line with Vancouver at $95-$100/mt FOB. Third-quarter molten contracts were reported at $58/lt FOB, down from $60-$62/lt FOB in 2Q.
China:
The China import market jumped to $132-$137/mt CFR from the prior $122-$125/mt CFR range. With sulfur reportedly trading at $145/mt CFR into Indonesia, players expect prices to continue rising in China.
ADNOC:
Abu Dhabi National Oil Co. (ADNOC) sulfur was posted at $107/mt FOB Ruwais for August, a 30.5% increase from $82/mt FOB reported in July.
Qatar:
August Muntajat prices were noted at $106/mt FOB Ras Laffan, up 30.9% from June’s $81/mt FOB posting.