Saudi Arabia: Indicative DAP price increases

摘要

There are no new DAP deals to report from Ma'aden or Sabic this week, but recent increases for prices into Pakistan and tight availability have led to a rise in Saudi Arabia's export price to an indicative $363-370/mt FOB from $360-365/mt FOB last week. The high-end increase to an indicative $370/mt FOB follows a recent sale by Mosaic at $380/mt CFR and a further cargo from China around $381/mt CFR to buyers in Pakistan. Still, India's DAP buyers remain steadfast and prices are still assessed at $373-375/mt CFR India, reflecting no higher than $365/mt FOB Saudi Arabia.