Saudi Arabia: Sabic sells further DAP to India

摘要

Sabic reports that it has sold 30,000 mt DAP to India for June loading in the low $430s/mt CFR. It is likely that the cargo includes credit and provides a netback around $420/mt FOB Saudi Arabia. Sabic is understood to be largely sold out for May/June shipments with around 90,000 mt DAP to India in May and a recent sale of 10,000 mt DAP to Southeast Asia in the very high $430s/mt CFR as part of a combination vessel with urea for June loading.