SABIC lowers May urea price to SAR 1,024/ton

03/05/2015 Argaam

Saudi Basic Industries Corp. (SABIC) has cut local urea prices by SAR 37 to SAR 1,024 a ton for May.

 

The kingdom’s largest petrochemicals producer has kept Diammonium Phosphate (DAP) prices at SAR 2,130/ton.

 

SABIC produces urea and DAP through several of its affiliates, including Tadawul-listed Saudi Arabian Fertilizer Co. (SAFCO), Ibn Al-Baytar, and Al Jubail Fertilizer Company (Al Bayroni).

 

Urea & DAP Prices – 2015

DAP (SAR/ton)

Urea (SAR/ton)

Month

2,130

1,223

February

2,130

1,163

March

2,130

1,061

April

2,130

1,024

May

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