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Chinas sulphur market will be firm in May amid rising international prices

May 06/2011

(ICIS) -- Chinas sulphur market will be firm in May amid rising international prices, high downstream demand and shrinking stocks at ports, industry sources said on Friday.


The market price of sulphur is expected to stay firm in May, but its forecast to soften in June will  depend on the prices of nitrogen phosphorus, industry sources said.


The sulphur price in the Jiangsu market has risen by yuan (CNY) 100-150/tonne (USD 15-23) to CNY1,770-1,870/tonne on 1 April-5 May, according to Chemease, an ICIS service in China.


The sulphur price rose by USD 10-40/tonne (EUR 7-28) to USD 230-245/tonne CFR (cost & freight) CMP (China Main Port) on 1-28 April, according to data from Chemease.


The active international market is a result of global tight supply, which has subsequently caused a domino effect on the Chinese market.


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