18 June 2009 14:52 [Source: ICIS news]
LONDON (ICIS news)--Middle East sulphur producer Kuwait Petroleum Corp (KPC) has agreed all of its third-quarter contracts at decreases of $10-13/tonne (€7-9/tonne) from the previous quarter due to a weaker market, a company official said on Thursday.
The official said that it had agreed third-quarter contracts for shipments to ?xml:namespace>
The producer reported agreeing contracts for April-June 2009 at $45-50/tonne FOB.
The drop in prices was attributed to a weaker sulphur market, with little demand outside of
Given the current state of the market, the KPC official said the prices it achieved were at a good level.
($1 = €0.72)
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