Brazil: Prices stable on latest business

摘要

Spot prices for sulphur cargoes to Brazil were assessed unchanged at $70-75/t CFR, as the latest business remained within this range. CMOC reportedly awarded a tender for H2 June arrival around the mid-point of the range, though this was not yet confirmed with the buyer. Several sales were reported in April in the low $70s/t CFR, with Mosaic taking around five cargoes from a range of origins around $72/t CFR.