Saudi Basic Industries Corp. (SABIC), nominated its December urea price at SAR 1192 a ton in the local Saudi market, SAR 16 less than November’s price, Industry sources said.
The price of Diammonium phosphate (DAP) fertilizer in December stood at SAR 2130 a ton for the 14th consecutive month.
|
SABIC’s Fertilizers prices in the local market since January 2014 |
||
|
DAP (SAR/tons) |
Urea(SAR/tons) |
Month |
|
2130 |
1252 |
January 2014 |
|
2130 |
1360 |
February |
|
2130 |
1360 |
March |
|
2130 |
1211 |
April |
|
2130 |
1136 |
May |
|
2130 |
1043 |
June |
|
2130 |
1155 |
July |
|
2130 |
1155 |
August |
|
2130 |
1260 |
September |
|
2130 |
1305 |
October |
|
2130 |
1208 |
November |
|
2130 |
1192 |
December |
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.
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