Middle East & Africa UAE

摘要

Adnoc's May price is set to be announced nextweek. Following recent rises to a current level of $225/mtFOB Ruwais, the market will be keenly watching theproducer as to whether it will continue its bullish prices,which pushes delivered product into China over $250/mtCFR. The producer indicated it has offered product atabove $240/mt FOB Ruwais recently, which suggests apossible increase over the April price.The producer has also finalised an agreement withbuyers in Chile for the second half 2011. It has agreed tosend two 30,000 mt cargoes in 2H.