SABIC raises urea and maintains DAP prices for March
Saudi Basic Industries Corporation (SABIC) [2010.SE] has raised its local urea price for December at SAR799/tonne (USD213/tonne), according to Argaam. SABIC also decided to maintained its diammonium phosphate (DAP) price at SAR1,980 (USD528/tonne), the same as February levels. The current spot price for urea exported from the GCC is SAR731/tonne (USD195/tonne). (Argaam) SABIC: SAR74.80 as of 30 March 2016, Rating: Buy, FV: SAR85.00 per share, MCap: USD59,840 million, SABIC AB / 2010.SE
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