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 ?xml:namespace>
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
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