Saudi Arabian phosphates producer Ma'aden has sold around 55,000t combined of DAP to two Indian importers at $720/t cfr for loading on one vessel in May.
Argus understands that the buyers are Indorama and Chambal.
The price is broadly in line with the sale of 45,000t of Jordanian DAP to Hindalco at $719.50/t cfr, and nets back to $708-709/t fob Ras al-Khair. It is up by $20/t from Ma'aden's last sales to India earlier this week.
