SABIC lowers August urea price to SAR 1,061/ton

03/08/2015 Argaam - Exclusive

Saudi Basic Industries Corp (SABIC) has cut local urea prices by SAR 94 to SAR 1,061 per ton for August.

The kingdom’s largest petrochemicals producer has kept the price of August Diammonium Phosphate (DAP) unchanged at SAR 2,130 per 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

2,130

1,117

June

2,130

1,155

July

2,130

1,061

August


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