copper up sulphur falling

China getting ready to reboot industry post olympics/paralympic - copper bouncing as already noted - now sulphur falling from its peak of $880/t to $500/t


03 September 2008 11:26 [Source: ICIS news]
LONDON (ICIS news)--Abu Dhabi National Oil Co (Adnoc) has dropped its sulphur lifting price for September by $190/tonne (€131/tonne) on improving Middle East supplies and weak demand from the key China and India markets, a company official said on Wednesday.

The price, largely viewed as an indicator of global sulphur direction, was set at $580/tonne FOB (free on board) Ruwais, down from the August price of $770/tonne FOB.

This number is down from a peak of $820/tonne FOB in July, but at $85/tonne higher than January and $380/tonne above the same month of 2007 is still historically high. .............
http://www.icis.com/Articles/2008/09/03/9153662/adnoc-cuts-sept-sulphur-190-to-580t.html




09 September 2008 16:49 [Source: ICIS news]

LONDON (ICIS news)--Middle East sulphur prices have dropped further to around $500/tonne (€355/tonne) after a spot sale by Kuwait Petroleum Corp (KPC) amid continued weak demand, sources said on Tuesday.

An official at KPC said that it had sold a 20,000-25,000 tonnes sulphur cargo to an unnamed buyer on a free on board (FOB) basis for end-September shipment from Shuaiba.

This sale followed business confirmed last week by KPC in the low-$600s/tonne to Transammonia for end-August shipment to Morocco, and Abu Dhabi National Oil Co's lowering of its September lifting price to $580/tonne......

http://www.icis.com/Articles/2008/09/09/9155121/mideast-sulphur-falls-to-500t-on-kuwait-business.html