Weak sentiment drags out contracts,leaves spot dead

摘要

Sentiment in global sulphur markets remained weak,with further price declines expected over the coming weeks.Weak fertilizers and metals,as well as increasing supply,continue to pressure prices.For now, market activity is limited. The$15/lt drop in US contracts to$95/lt FOB Tampa for Q1 2016 added to the negative global sentiment, demonstrating concern on the part of US suppliers over downstream demand and international competition. The fall motivated European buyers to push for larger-than-offered decreases on their own contracts,with negotiations dragging on.