17 April 2013 15:07 [Source: ICIS news]
LONDON (ICIS)--Second-quarter US Tampa sulphur contracts are settling up by 3% quarter on quarter, or $5/long ton, to $155/long ton (€117/long ton), US-based Mosaic said late on Tuesday.
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 second quarter.
Other outstanding second-quarter contracts are expected to follow the $5/long ton increase.
The increase had been expected, prompted by slightly firmer global sulphur prices despite lacklustre downstream demand for phosphates.
US Tampa prices had previously declined by $10/long ton for three consecutive quarters since the third quarter of 2012.
($1 = €0.76)
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