Saudi Arabia: DAP rises on Ma’aden sale

摘要

Ma’aden said it sold a 60,000 t DAP cargo to India for July shipment in the mid-$430s/t CFR. The deal likely includes credit and should netback to around $425/t FOB. The company also secured sales for around 70,000 t MAP to Latin American markets, 50,000 t DAP to Bangladesh under a government to government agreement and 30,000 t MAP to South Africa which was secured in early June at around $430/t CFR.