Qatar's Muntajat cuts Oct sulphur price by $1/t

Qatar's state-owned sulphur producer and marketer Muntajat/Qatar Energy has lowered the Qatar Sulphur Price (QSP) for October slightly to $124/t fob Ras Laffan/Mesaieed.

The price is down by $1/t from its September QSP set at $125/t fob.

The latest adjustment for October implies delivered pricing to China of $147-154/t cfr at current freight rates, which were last assessed on 26 September at $23-24/t to south China and at $28-30/t to Chinese river ports for a shipment of 30,000-35,000t.

But with China cfr assessments at $137-145/t cfr on 26 September, and the Golden Week holidays over 1-7 October, prices in early October are expected to lag against implied delivered values.

By Maria Mosquera