Saudi Arabia: DAP/MAP prices lower for June shipments

摘要

Ma’aden has now sold roughly 250,000 t DAP/MAP for June shipment, leaving roughly 100,000 t DAP/MAP availability for the month after carryover stocks from May. The company said it sold 120,000 t DAP to India in two June shipments in the low $370s/t CFR. These cargoes are understood to include credit, with a likely netback of no higher than $363/t FOB.