Sabic sold 23,000 mt to Mitsui and 15,000 mt to Mitsubishi outside contract commitments this week under a formula pricing arrangement for April lifting. The producer was also reported to have made a 10,000 mt spot sale to Deepak Fertilisers below $450/mt CFR for prompt delivery off the Al Barrah. The producer had been widely reported offering cargoes for April/May lifting with spot values assessed as low as $380/mt FOB on an indicative basis given lower prices seen in India.
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