07 March 2008 14:08 [Source: ICIS news]
LONDON (ICIS news)--Indian sulphur prices have risen another $20/tonne to a new record high following awards in a tender this week amid continued tight supply, trader sources said on Friday.
State trading house MMTC agreed two 15,000 tonne cargoes with trader Swiss Singapore at $696/tonne CFR (cost and freight) for March and April shipment to ?xml:namespace>
However, demand in major markets
Despite the MMTC tender this week, there was little other activity in the Indian market, they added, noting that tight sulphur supply and high prices had combined with a shortage of phosphate rock to dampen demand from fertilizer producers.
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