Kuwait's state-owned sulphur producer KPC has set the June Kuwait Sulphur Price (KSP) at $805/t fob Kuwait, up by $40/t from the May KSP of $765/t fob.
Freight rates as of 28 May were $154-170/t for a 30,000-35,000t shipment to Chinese ports. This implies a delivered cost of $959-975/t cfr, with additional insurance premiums raising prices further on a delivered basis.
Loadings continue for June shipments, but at a reduced rate. The delivery period for Middle East sulphur remains uncertain with the strait of Hormuz still largely closed, and no sulphur vessels crossing since last week.
