US Q1 Tampa sulphur contracts down 6% on weak demand

29 January 2013 10:43  [Source: ICIS news]

LONDON (ICIS)--First-quarter US Tampa sulphur contracts are settling down by 6% to $150/long ton (€111/long ton), US-based Mosaic said late on Monday.

The contract is agreed on a cost and freight (CFR) basis.

The phosphate fertilizer producer is the first buyer to settle sulphur contracts in Tampa for the first quarter.

Other outstanding first-quarter contracts are expected to follow the $10/long ton price drop.

The decrease had been expected, prompted by declining global sulphur prices caused by weaker downstream demand for phosphates.

US Tampa prices have declined by $10/long ton for three consecutive quarters since the third quarter of 2012.

Sulphur is a key raw material in the production of phosphate fertilizers, including diammonium phosphate (DAP) and monoammonium phosphate (MAP).

($1 = €0.74)

By: Meena Chauhan
+44 208 652 3214

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