India’s RCF receives offers at $135/t-plus under sulphur tender

11 August 2010 16:41  [Source: ICIS news]

LONDON (ICIS)--Indian fertilizer importer and producer Rashtriya Chemicals and Fertilizers (RCF) has received two price offers under its 4 August sulphur tender, market sources said on Wednesday.

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)

For more on sulphur visit ICIS pricing fertilizers
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By: Freda Gordon
44 208 652 3214

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