10 July 2008 16:49 [Source: ICIS news]
LONDON (ICIS news)--Third-quarter liquid sulphur contract discussions in the ?xml:namespace>
One major supplier is targeting an increase of slightly above $200/long ton, while one buyer is understood to be seeking an increase of $100/long ton.
Market observers say that a rise of just $100/long ton would be unrealistic and expectations are that contracts will eventually be settled at an increase of $175-200/long ton.
Second-quarter contracts were agreed at around $450/long ton CFR (cost and freight)
A rise in prices was seen as likely due to tight supply in the US Gulf and strong demand from phosphates producers, market sources said.
Sources expect the third-quarter contracts to be one of the main topics of discussion at the Southwestern Fertilizer conference being held on 12-16 July in San Antonio, Houston, where initial contracts may be settled.
($1 = €0.64)
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