Saudi Arabia: Ma'aden targets new DAP/MAP sales

摘要

Both Sabic and Ma'aden are sold out of DAP for the first half of May and Ma'aden is now targeting new MAP sales to Latin America. Sabic recently sold DAP to Fauji in Pakistan at a price believed to be around $342/mt FOB but both parties are believed to be targeting $350/mt CFR or higher for new sales to the Indian subcontinent. Indian buyers are believed to be targeting as low as $341/mt CFR.