India: Spot business around $130/mt CFR

摘要

IFFCO recently bought two sulphur cargoes around $130/mt CFR. It obtained 30,000 mt from Swiss Singapore and 35,000 mt from Kisan International Trading (KIT). Although some buyers in India pegged spot prices in the low-to-mid $120s/mt CFR and were pushing for even lower, such levels did not seem achievable in the current market.