Reliance Industries issues 20,000-tonne sulphur tender

26 October 2010 14:36  [Source: ICIS news]

LONDON (ICIS)--Reliance Industries has issued a sulphur export sales tender that closes on 28 October, market sources said on Tuesday.

Reliance Industries is offering 20,000 tonnes of granular sulphur for 28 November-4 December shipment from Sikka, with bids requested to remain valid until 29 October, according to sources.

Reliance last exported sulphur under its 5 July tender, which was awarded at around $63/tonne (€45/tonne) FOB (free on board).

Since then, sulphur prices in India have increased as a result of good downstream demand due to the sugar season as well as rising global spot prices supported by improving market sentiment.

Current offers in India have been reported at $200-205/tonne CFR (cost and freight), in line with Abu Dhabi National Oil Co’s (Adnoc) October sulphur-lifting price of $170/tonne FOB (free on board), which was announced earlier this month.

($1 = €0.72)

For more on sulphur visit ICIS pricing fertilizers

By: Freda Gordon
44 208 652 3214

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