SABIC’s May local urea price down to SAR 1136 a ton

04/05/2014 Argaam

Saudi Basic Industries Corp. (SABIC), nominated its May urea price at SAR 1136 a ton, SAR 75 less than April’s level, Industry sources said.

 

The price of Diammonium phosphate (DAP) fertilizer in May stood at SAR 2130 a ton for the 7th consecutive month.

 

SABIC’s Fertilizers prices in the local market

DAP (SAR/tons)

Urea(SAR/tons)

Month

2130

1252

January 2014

2130

1360

February

2130

1360

March

2130

1211

April

2130

1136

May

 

SABIC, the Middle East’s largest company by market capitalization, produces urea and DAP through its subsidiaries including Saudi Arabia Fertilizers Co. (SAFCO),  Ibn al-Baytar National Chemical Fertilizer Company- a joint venture between SABIC and SAFCO- as well as al-Bayroni Fertilizer Company, a joint venture with Taiwan Fertilizer.

 

SABIC sells its fertilizers in Saudi Arabia at the international market price. International prices for urea and DAP stood at $390 and $410 respectively as indicated by data compiled by Argaam.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.