Saudi Basic Industries Corp. (SABIC) set local urea and diammonium phosphate (DAP) fertilizers prices for February.
SABIC slashed the local urea prices by SAR 225 month-on-month (MoM) to SAR 1,538 per ton, the lowest level since September 2021.
On the other hand, SABIC lowered February’s DAP fertilizer prices by SAR 169 MoM to SAR 2,501 per ton, the lowest since November 2021.
The following table shows fertilizer price changes in the Saudi market:
| Month | Value (SAR\Ton) | Change |
|---|---|---|
| 2023 January | 1,763 | -150 |
| 2023 February | 1,538 | -225 |
| Month | Value (SAR\Ton) | Change |
|---|---|---|
| 2023 January | 2,670 | -38 |
| 2023 February | 2,501 | -169 |
| Production Company | Company Status | Production Capacity (Thousand tons) | Usage |
|---|---|---|---|
| SABIC Agri-Nutrients Co. | Listed | 2,600.00 | Final Product |
| National Chemical Fertilizer Company | Unlisted | 500.00 | Final Product |
| Al-Jubail Fertilizer Company | Unlisted | 650.00 | Final Product |
| SABIC Agri-Nutrients Co. | Listed | 1,100.00 | Final Product |
| Gulf Petrochemical Industries Co | Unlisted | 660.00 | Final Product |
| Total | 5,510.00 | ||
| Production Company | Company Status | Production Capacity (Thousand tons) | Usage |
|---|---|---|---|
| Ma'aden Phosphate Company | Unlisted | 2,900.00 | Final Product |
| Total | 2,900.00 | ||
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