Foskor H1 sulphur contracts with Canada suppliers rise $50/tonne

14 January 2010 15:39  [Source: ICIS news]

LONDON (ICIS news)--Foskor, a leading South African phosphoric acid producer, has agreed its first-half 2010 sulphur contracts with Canadian suppliers at an increase of around $50/tonne (€35/tonne) from its second-half 2009 contracts, a company official said on Thursday.

The official said that contract prices had been agreed in the low-$80s/tonne FOB (free on board) Vancouver.

The higher agreements were in line with contract settlements elsewhere and higher international sulphur prices.

Second-half 2009 contracts were agreed in the high-$20s/tonne-low-$30s/tonne FOB Vancouver.

Freight from Vancouver to South Africa is estimated at around $30-32/tonne, reflecting a landed price of around $115/tonne CFR (cost and freight) for January-June 2010.

The official said that the majority of its sulphur requirements were covered by the contract, but that it may look for a couple of spot cargoes during the first half of the year.

Foskor has two phosphoric acid plants at Richards Bay, on South Africa’s east coast, with a combined annual production capacity of 750,000 tonnes.

($1 = €0.69)

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By: Rebecca Clarke
+44 20 8652 3214

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