Abu Dhabi's state-owned Adnoc has lowered its October sulphur official selling price (OSP) for the Indian subcontinent to $890/t fob Ruwais, down from its $960/t fob September OSP.
Adnoc's October OSP implies a delivered price of $1,035-1,040/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $145-150/t on 1 October.
London, 1 October (Argus) — Pakistani DAP inventories edged up in August to 253,000t, with combined imports and domestic production slightly outpacing an uptick in demand. While stocks look fragile at the start of the October-March rabi season, a robust import line-up is likely to be enough to ensure offtakers are covered. Pakistan imported 49,000t of DAP in August, just short of the five-year average for the month, according to NFDC data. Domestic output was at its highest since May 2024, at 79,000t. Demand rose to 126,000t in August as farmers moved to cover potato season. Despite returning closer to long-term norms, this was still 14,000t short of the five-year average for August, as high prices continued to deter buyers. DAP stocks began September at just over 250,000t, down from 316,000t last year. Importers expect 2026 offtake to be down by 20-30pc because of high global and domestic prices. And early hopes for a DAP subsidy to support wheat this quarter have fallen flat. Even with a 20-30pc drop against the 2021-25 average for the quarter, DAP appetite in October-December could still be 415,000-474,000t. Based on end-August inventories, 73,000t of NFDC-estimated September production and 125,000t of demand — as well as the 50,000t of DAP imports lined up in September according to Argus data — stocks at the start of October could edge down by 2,000t on the month to 251,000t. While insufficient on its own to cover expected fourth-quarter demand, importers have lined up 177,000t of DAP for October, according to Argus data. With steady domestic production, this would be sufficient for Pakistan to end the year with robust carryover stocks, according to importers and traders. By Adrien Seewald Pakistan current season DAP inventories and offtake '000t Pakistan long-term DAP inventories and offtake '000t Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Houston, 30 September (Argus) — Vessel traffic through the strait of Hormuz on Tuesday was unchanged from the previous day, with 17 vessels transiting the strait despite heightened tensions, according to maritime security firm Windward. Of the 17 vessels six were inbound and eleven outbound. The inbound traffic was evenly split between Iran's preferred northern corridor and the southern, US-assisted route. Of the outbound vessels, five used the northern corridor, five used the southern route, and one transited the high-risk central route. Inbound vessel classes consisted of two tankers, two cargo ships, and two bulk carriers. The outbound vessel classes were six tankers and five cargo ships. Attacks on vessels transiting the strait continue, with three incidents reported on 30 September on tankers, according to the UK Maritime Trade Operations (UKMTO). A day earlier UKMTO reported that a Kuwaiti VLCC was struck by an unidentified projectile. The four attacks this week account for nearly 10pc of the 42 cumulative strikes recorded since early July. Vessel transits remain consistent at 13pc of the pre-war average of 135 daily transits. By Anjali Shenoy Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 30 September (Argus) — Sojitz Solvadis has acquired 100pc of French sulphur distributor Citis Group — including Citis SAS and Citis Forming SAS — from PFL Resources, the firm announced today. The acquisition adds Citis' liquid sulphur distribution, storage and sulphur pastille production assets in France — including facilities at Le Havre, Marseille and Dunkirk — to Solvadis' existing European sulphur and sulphuric acid business. The deal creates further presence for the firm in the French sulphur market and will increase its sulphur storage and solid sulphur-forming capacity in western Europe. Founded in 1952, Citis distributes liquid sulphur in France and selected European and northwest African markets, while Citis Forming has operated a sulphur-forming plant in Dunkirk since 1985. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
London, 30 September (Argus) — State-owned QatarEnergy Marketing has dropped its October Qatar Sulphur Price (QSP) to $835/t fob Ras Laffan/Mesaieed, down from $880/t fob in September. Freight rates were last assessed at $150-160/t for a 30,000-35,000t shipment to Chinese ports on 24 September. This implies a delivered cost of $985-995/t cfr, with additional insurance premiums raising prices further on a delivered basis. Vessel traffic through the strait of Hormuz remains constrained, with recent missile and drone attacks on tankers and bulk vessels keeping costs high due to elevated risk. The flow of sulphur shipments through the strait has settled at around 1-3 vessels crossing per week. By Maria Mosquera Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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