SABIC reduces April urea prices to SAR 1,061/ ton

22/04/2015 Argaam

Saudi Arabia Basic Industries Corp. (SABIC) has slashed urea prices for the local market by SAR 102 to SAR 1,061 per ton for April delivery compared to March's prices.


Meanwhile, the company maintained Diammonium phosphate (DAP) prices at SAR 2,130 per ton for the 18 months in row.


SABIC produces urea, DAP, and various compound fertilizers through its subsidiaries including Safco, Ibn Baytar, and Al-Bayrouni.

 

Fertilizer Prices in Saudi Market — 2015

DAP (SAR/ton)

Urea (SAR/ton)

Month

2,130

1,223

February

2,130

1,163

March

2,130

1,061

April

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