A lack of export outlets has led to a fall in sulphur prices in Turkish refiner Tupras' latest sales tender to the domestic market.
The refiner awarded its September e-tender in full at $856-882/t fca for various lot sizes. Prices are down by $11.5/t on a midpoint basis compared with the last tender on 28 July, which was awarded at $849-912/t fca. The price drop is because local producers can only offer to the domestic market owing to an ongoing Turkish sulphur export ban. The awards were as follows:
- From Izmir — lots ranging 100-750t and totalling 4,500t, awarded at $866-875/t fca against August prices of $909-912/t fca.
- From Izmit — lots ranging 100-1,500t and totalling 12,000t, awarded at $856-867/t fca against August prices of $849-852/t fca.
- From Kirikkale — lots ranging 100-650t and totalling 2,250t, awarded at $872-884/t fca against August prices of $876-882/t fca.
