14 July 2008 15:22 [Source: ICIS news]
LONDON (ICIS news)--Moroccan phosphate fertilizer producer Office Cherifien des Phosphates (OCP) has agreed a second-half 2008 supply contract for Russian sulphur at an increase of around $350/tonne over January-June prices on supply and demand issues, market sources said on Monday.?xml:namespace>
OCP took 1.5m tonnes of Russian sulphur annually through trader Solvadis and the price for July-December 2008 was agreed at just below $800/tonne CFR (cost and freight), a company official confirmed.
Solvadis agreed a first-half price with OCP in the $440s/tonne CFR range.
However, OCP failed to find a price agreement with trader ICEC for Kazakh sulphur during the second half of the year.
Earlier, ICEC had agreed second-half prices with Tunisian buyer Groupe Chimique Tunisien (GCT) for Kazakh tonnage at $795-800/tonne CFR.
ICEC had been looking for a price slightly above $800/tonne CFR with OCP to take account of the higher freight rates from the Black Sea to
OCP also takes
OCP was hopeful agreements could be found with
($1 = €0.63)
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