State-owned QatarEnergy Marketing has raised its April Qatar Sulphur Price (QSP) to $275/t fob, up steeply from March's $202/t fob Ras Laffan/Mesaieed.
Last month's increase was already unusually large, rising by a substantial $30/t from February, despite being less than half of the latest on-month increment, but the spot market has moved up at an accelerated pace in recent weeks.
The April QSP implies a delivered price to China of $295-301/t cfr at current freight rates. This was last assessed on 20 March at $20-21/t to south China and $24-26/t to Chinese river ports for a 30,000-35,000t shipment.
