Domestic sulphur prices in China increased further this week, rising around RMB 20/mt. Prices at ports were in the RMB 1,200-1,240/mt FCA range, with the upper end of this representing offer levels at Fangcheng. One key driver for increases was lower production levels from Sinopec’s Puguang refinery. The producer again increased its own prices, with its price at Wenzhou port now RMB 1,190/mt FCA and its ex-factory price at RMB 1,170/mt FCA. In addition to lowering its production, Pugaung has successfully lowered its stock levels over recent weeks, leaving domestic supply tighter.
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