Kuwait's KPC raises Sep sulphur price to $123/t fob

Kuwait's state-owned sulphur supplier KPC has set its September Kuwait sulphur price (KSP) at $123/t fob, up by $17/t from $106/t fob in August.

The latest adjustment for September implies delivered pricing to China of $151-157/t cfr at current freight rates, which were last assessed on 29 August at $26-28/t to south China and at $30-32/t to Chinese river ports for a shipment of 30,000-35,000t.

This follows Qatari state-owned sulphur producer and marketer Muntajat/Qatar Energy's announcement of its September sulphur price at $125/t fob Qatar late last week.

KPC issued two spot tenders of granular sulphur for loading during September, which each offered 30,000t plus or minus 10pc. The tenders closed during August, with both likely awarded in the mid-upper $120s/t fob.

By Maria Mosquera