Middle East: Buyers pushing Q2 offers downwards

摘要

A Middle East supplier was seeking prices of $113/t FOB on contracts for sulphur supply in the second quarter of 2019, sources said, though the price levels discussed were lower later in the week when suggestions had moved below $110/t FOB. Even in today’s market, netbacks of $113/t FOB would be difficult to achieve given delivered prices around the world. As prices are widely expected to fall further through Q2, few traders would want to lock themselves in at such a price today.