Saudi Arabia: Ma'aden sells another S. America cargo

摘要

Ma'aden confirmed a further 30-35,000 mt DAP/MAP cargo to Latin America , likely for shipment later in May. The cargo is priced on a mixed fixed and formula basis. On current prices in South America at around $355-360/mt CFR for DAP/MAP, this is likely to represent around $340-345/mt FOB.