China: Sulphur demand levels off and inventories stabilise

摘要

Sulphur demand levels off and inventories stabilise while domestic prices weaken further. Having fallen below 1 million mt last week, port inventories have remained stable at around 1.1 million mt since the beginning of this week. The price for imported sulphur remains largely unchanged at around $155/mt CFR, reflecting the latest posting by Saudi Aramco at $140/mt FOB for May tonnes. The equivalent port price is quoted at RMB 1175-1185/mt inclusive of import tax and VAT.