China demand maintains firm prices

摘要

Sulphur markets remained mostly firm this week, as Chinese spot demand drove higher Middle East FOB prices and lower Chinese port inventories. Bids from Chinese traders were heard as high as $83/mt CFR, with offers for international product at similar levels or slightly higher. Spot prices at ports also increased to as high as RMB 700/mt FCA, while Sinopec’s Puguang also increased its Wenzhou price to RMB 700/mt.