India: Ma'aden makes DAP sales at $365-368/t CFR

摘要

A slump in demand from India has led to a number of DAP deals from Ma'aden this week at lower prices, according to market sources. The Saudi Arabian supplier sold 3x50,000 t DAP cargoes, understood to be for Kribhco and IPL, for late-November/December loading at $365-368/t CFR. This is down from previous activity in early November at $370-375/t CFR.