Saudi Arabian phosphates producer Ma'aden has sold 174,000t of DAP for shipment in March to various destinations.
Indian fertilizer importer and producer IPL bought 60,000t of DAP from Ma'aden at the prevailing $636/t cfr. The price is likely to net back to the mid $620s/t fob Ras Al-Khair.
A trading firm bought 30,000t of DAP for shipment to Nepal, priced in the low $650s/t cfr.
Ma'aden has also reported selling 44,000t of DAP for shipment to the US, priced on formula, and 40,000t of DAP at $655/t cfr Argentina. No buy-side confirmation has yet emerged for these sales.
