24 January 2011 10:17 [Source: ICIS news]
Mosaic concluded quarterly contracts with all its suppliers on a cost and freight (CFR) basis late on 21 January, the source added.
The price was $25/long ton higher than the fourth-quarter 2010 price of $160/long ton CFR, the source said.
The fourth-quarter level was itself a $65/long ton increase from the contract price in the third quarter of 2010.
The latest increase fell within initial expectations of a $25-30/long ton rise, as market conditions remained tight.
Refineries in the
Additionally, sulphur demand from both the industrial and fertilizer sides was expected to remain strong throughout the first quarter.
($1 = €0.73)
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