London, 30 October (Argus) — State-owned QatarEnergy Marketing has raised its November Qatar Sulphur Price (QSP) to $/t fob, up by a substantial $76/t from $/t fob Ras /Mesaieed for September.
The November QSP implies a delivered price to China of $/t cfr at current freight rates, which were assessed on 23 October at $/t to south China and at $/t to Chinese river ports for a 30,000-35,000t shipment.
This increase follows a steady rise of sulphur prices throughout this year, with the Qatar sulphur price rising by $/t, or 141pc, from January to November. November’s QSP is the highest level since April to July 2022, when it reached $/t fob, and then dropped by $/t from July to $77/t fob in August.
By Maria Mosquera
