US second-quarter Tampa sulphur contracts up 3%

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.

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

($1 = €0.76)

By: Meena Chauhan
+44 208 652 3214

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