New sales from Ma’aden and Sabic this week helped support a jump in DAP/MAP prices on an indicative basis. Sabic is now set to load a 45,000 t combined DAP/MAP vessel in February for shipment to US New Orleans under formula prices. Latest DAP prices in the US would likely netback no lower than $485-490/t FOB Ras Al Khair if sold on a spot basis.
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