India’s Reliance awards sales tender for 25,000 tonnes of sulphur

12 January 2011 12:07  [Source: ICIS news]

LONDON (ICIS)--Indian domestic sulphur producer Reliance has made an award under its 8 January sales tender, market sources said on Wednesday.

Reliance offered 25,000 tonnes of granular sulphur for 9-15 February shipment from Sikka.

The cargo was awarded at an undisclosed price and the destination was not yet decided, a Reliance source said.

There was speculation in the market that the cargo was sold above $170/tonne (€131/tonne) on a free on board (FOB) basis. 

“The winner must have paid over $165/tonne FOB,” a trader who participated in the tender said.

Reliance last sold 20,000 tonnes of granular sulphur under its 28 October tender. The cargo was reportedly sold between $165-170/tonne FOB.

($1 = €0.77)

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By: Freda Gordon
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