Allocation holders are trying to convince Aramco and Adnoc that a combination of lower cfr spot prices in China and India combined with a prediction of stronger freights in the AG justifies fob levels falling below 50 pt fob.Aramco and Adnoc are looking to hold Q4 floor prices in the low-50's pt fob.Traders are claiming that sulphur freights in the Middle East in Q4 are going to be hit hard by much greater shipping activity;Indian iron ore exports to China are building again after the monsoon,as are coal and wheat imports into India.A great deal of urea has also been purchased for Q4 in India,and vessel owners always gave priority to urea over sulphur.
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