State-owned QatarEnergy Marketing has kept its August Qatar Sulphur Price (QSP) at $890/t fob Ras Laffan/Mesaieed, unchanged from July.
Freight rates as of 30 July range $140-155/t for a 30,000-35,000t shipment to Chinese ports. This implies a higher delivered cost of $1,030-1,045/t cfr for August compared with July, with additional insurance premiums raising prices further on a delivered basis.
Vessel traffic through the strait of Hormuz has been muted since the conflict resumed with virtually no sulphur cargoes confirmed exiting since 18 July.
