Adnoc sulphur price rises $5/tonne for November

02 November 2010 19:17  [Source: ICIS news]

PRAGUE (ICIS)--Abu Dhabi National Oil Co (Adnoc) has posted a $5/tonne (€3.6/tonne) increase to its November sulphur price, an company official said on Tuesday at the Sulphur 2010 conference.

Adnoc’s monthly sulphur lifting price for November was set at $175/tonne FOB (free on board) Ruwais, reflecting a delivered price at close to $200/tonne CFR (cost and freight) India. Freight rates between India and the Middle East were estimated at $22-24/tonne.

The increase was relatively modest compared with market expectations of a $10/tonne hike. The producer said it wanted to maintain stability of current sulphur prices.

The October price of $170/tonne FOB was a $10/tonne increase from September.

Sources said that Indian prices continued to firm around the mid $190s/tonne on the back of strong sulphur demand for the sugar season. Reports emerged that concluded deals this week were in the range of $193-196/tonne CFR India.

The Sulphur 2010 conference in Prague, Czech Republic, runs from 1-4 November.

($1 = €0.72)

For more on sulphur visit ICIS pricing fertilizers
To discuss issues facing the chemical industry go to ICIS connect

By: Freda Gordon
44 208 652 3214

AddThis Social Bookmark Button

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.

Printer Friendly

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