11 August 2010 16:41 [Source: ICIS news]
RCF tendered for 9,000 tonnes of sulphur for shipment to Mumbai by the end of August.
The producer received two price offers from trader companies Transfert and Swiss Singapore, following the submission of their technical offers last week.
The lowest offer was from Transfert at $135/tonne (€102.60/tonne) CFR (cost and freight) for 10,000 tonnes of granular sulphur from Iran.
Swiss Singapore offered 9,000 tonnes of granular or crushed lump sulphur of Middle East origin at $147.50/tonne CFR.
Both offers were in line with Abu Dhabi National Oil Co’s (Adnoc’s) August sulphur lifting price, set at $110/tonne FOB (free on board) Ruwais. With freight rates for Middle East-India estimated at around $25/tonne, the implied delivered price in India was at $135/tonne CFR.
($1 = €0.76)
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