Middle East Saudi Arabia

摘要

With recent market conditions suggesting that Chinese demand will increase in the coming weeks to cover the domestic fertilizer season, Aramco Trading limited its price reduction for October liftings to $8/t, taking the price down to $151/t fob Jubail, in line with Tasweeq/Qatar’s September lifting price. This price equates to $170/t cfr south China or low-$170s/t cfr River. Saudi’s allocation holders are sitting tight in China, where prices slipped this week to low-high $160s/t cfr, and are looking to other destinations for early October liftings from Jubail, with expectations of improved market conditions in China later in the month.