Sabic is believed to have largely sold out its June DAP/MAP volumes following a new 30-35,000 mt DAP cargo to India's SPIC at $346-348/mt CFR after credit for second-half June shipment. The deal is likely to net back to around $340/mt FOB Ras Al-Khair. Ma'aden recently reported that it was sold out for June, including 100,000 mt DAP to India, 22,000 mt DAP to East Africa, 11,000 mt DAP to East Asia and 33,000 mt MAP to South America.
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