Saudi Arabia: DAP/MAP near sold out for September

摘要

Saudi Arabian DAP/MAP exporters are largely sold out for September after recent sales although there may be some stock availability remaining after slower sales than expected in recent months. Ma’aden reports that it sold 120,000 t DAP in multiple lots to India for September shipment at roughly $340/t CFR. The deals are believed to include credit providing a likely netback at around $328/t FOB Ras Al Khair.