22 August 2013 19:24 [Source: ICIS news]
HOUSTON (ICIS)--US Gulf exports more than doubled in August, both year on year and month on month, reaching their highest tonnage of any month this year, although a source said on Thursday that there was not necessarily a reason from the market.
Sulphur exports reached 110,000 tonnes in August, up from July exports of 45,500 tonnes and August 2012 exports of 35,000 tonnes.
A source said that the export figure just shows that there was enough sulphur for the vessels to go to buyers, not necessarily that there was a market resurgence.
The River Sulphur Factory in Faustina, Louisiana, reached a 2013 high with 20,000 tonnes of sulphur exported. The port of Beaumont and the Galveston terminal, both in Texas, posted their second-highest sulphur export totals of the year with Beaumont at 79,000 tonnes and Galveston at 11,000 tonnes, according to data obtained by ICIS.
Before, the highest month in 2013 for the US Gulf had been April, with 90,000 tonnes of sulphur exported. The highest month in 2012 was September, when the Gulf had 125,000 tonnes of sulphur exports.
Sulphur exports from January through August are up 21% year on year. Through July, sulphur exports were 1% higher year on year.
Sulphur prices have collapsed in 2013, with the US Gulf spot prices ranging from $60-70/tonne (€45-53/tonne) as of July, down 66% from 2012.
($1 = €0.75)
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