India’s RCF receives two offers under sulphur tender
06 August 2010 12:46 [Source: ICIS news]
LONDON (ICIS)--Indian fertilizer importer and producer Rashtriya Chemicals and Fertilizers (RCF) has received two offers under its 4 August tender, market sources said on late Thursday.
RCF re-tendered for 9,000 tonnes of sulphur to Mumbai by the end of August. The first tender, which closed on 26 July, was postponed due to unknown reasons.
Only two traders, Swiss Singapore and Transfert, had submitted their offers, said trader sources.
Swiss Singapore offered 9,000 tonnes of granular or crushed lump sulphur of
Transfert offered 10,000 tonnes of granular sulphur from
RCF was expected to open the price offers after evaluating the technical offers.
The Indian sulphur market was expected to face higher spot prices on the back of firming Chinese prices in the $110-117/tonne (€84-89/tonne) CFR (cost and freight) range, and also unconfirmed reports of a sale by Petrochemical Commercial Co (PCC) in Iran under its 30 July sales tender.
Trader sources said PCC had sold 30,000 tonnes of granular sulphur at around $107/tonne FOB (free on board) Bandar Imam Khomeini (BIK) for early-August shipment to
Responding to the new price hike, Adnoc was expected to raise its August sulphur lifting price above $100/tonne FOB Ruwais, an Adnoc official said.
The August price would be at least $35/tonne above the company’s July sulphur price at $65/tonne FOB.
($1 = €0.76)
For more on sulphur visit ICIS pricing fertilizers
By: Freda Gordon
44 208 652 3214
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 07 Oct 10 10:02 India’s RCF starts work on Talcher urea plant revival in Oct '11
- 20 Aug 10 12:41 Indian sulphur offers up $40/tonne under tenders
- 18 Aug 10 16:04 Sulphur price hikes continue in the Middle East above $140/tonne
- 13 Aug 10 14:41 India’s RCF awards sulphur tender to Transfert
- 13 Aug 10 14:32 India’s PPL issues sulphur purchase tender
- 11 Aug 10 17:20 KPC issues sulphur sales tender amid rising spot prices
- 11 Aug 10 16:41 India’s RCF receives offers at $135/t-plus under sulphur tender
- 09 Aug 10 11:19 Adnoc August sulphur price up $45/tonne
- 06 Aug 10 19:51 CF, US regulators reach deal on waste at Florida phosphate site
- 06 Aug 10 18:45 US CF Industries sees up move for nitrogen fertilizers
- 30 Jul 10 16:06 China’s first-half 2010 sulphur imports fall 25%
- 30 Jul 10 12:16 Adnoc to raise its August sulphur price on surging spot prices
- 27 Jul 10 16:46 US Q3 liquid sulphur contracts settle down $50/long ton
- 23 Jul 10 14:38 Sulphur spot prices firm amid increasing Chinese demand
- 21 Jul 10 16:57 Iran sulphur prices up $9/tonne on KHIPC sale
- 19 Jul 10 16:12 India’s FACT sulphur tender award up $9/tonne
Latest News
- 19 Jun 13 07:50 Japan's PVC production increases 25% in May
- 19 Jun 13 07:49 China’s Fushun Petrochemical to delay SBR plant restart to July
- 19 Jun 13 07:26 China’s LNG prices to firm in July on strong demand, tight supply
- 19 Jun 13 07:26 Japan’s JSR runs Kajima EPDM plant at 100% after restart
- 19 Jun 13 06:26 Saudi Arabia's SABIC lowers July MEG ACP nomination by $50/tonne