Saudi Arabia: DAP price unchanged on new Sabic sale

摘要

Sabic is understood to have sold a further 30-35,000 mt DAP cargo to India's GSFC, according to traders, at around $350/mt CFR with 60 days credit, which would netback in the low $340s/mt FOB. Sabic now has two DAP cargoes to India to be loaded in May and a further DAP cargo to West Coast India for June shipment, the company confirmed. It says that each of the three sales was secured in the $350s/mt CFR.