UAE: Adnoc posts May sulphur OSP of $140/mt FOB

摘要

Adnoc posted an official selling price (OSP) of $140/mt FOB Ruwais for May, unchanged from its April level. This represents a delivered price to India in the low-to-mid-$150s/mt CFR. The price is in line with market expectations, and further indicates that prices are now stabilising following several consecutive weeks of declines, including a $35/mt month in the OSP from March to April.