Saudi Aramco sets September sulphur price at $74/tonne FOB

31 August 2016 17:35 Source:ICIS News

LONDON (ICIS)--Saudi Aramco Trading has set its September sulphur price at $74/tonne FOB (free on board) Jubail, market sources confirmed on Wednesday.

The September price represents an $8/tonne increase from August.

Last week, Saudi Aramco was heard to have sold 45,000 tonnes of sulphur at $75/tonne FOB for 20-30 September loading in Jubail for China.

This news follows an announcement from the Abu Dhabi National Oil Company (ADNOC), which set its official selling price (OSP) for September sulphur shipments to India at $77/tonne FOB Ruwais, a $7/tonne increase from August.

Qatar International Petroleum Marketing Company (Tasweeq) has also increased its Qatar Sulphur Price (QSP) for September by $9/tonne to $74/tonne FOB Ras Laffan.

By Sylvia Traganida