Abu Dhabi's state-owned Adnoc set its February official sulphur selling price (OSP) for the Indian subcontinent at $174/t fob Ruwais, stable from its January OSP.
Adnoc's February OSP implies a delivered price of $190-191/t cfr India, with the freight cost for a 40,000-45,000t shipment to the east coast of India last assessed at $16-17/t on 30 January.
The announced OSP fob price rose by $105/t from $69/t fob Ruwais in February 2024.
