SABIC increases urea price for December to SAR855/tonne
Saudi Basic Industries Corporation (SABIC) [2010.SE] has proposed to increase its local urea price for December by SAR94/tonne (USD25/tonne) to SAR855/tonne (USD228/tonne), according to Argaam. The company has decided to maintain its diammonium phosphate (DAP) price for December at SAR1,875/tonne (USD500/tonne). (Argaam) SABIC: SAR96.92 as of 04 December 2016, Rating: Neutral, TP: SAR90.00 per share, MCap: USD77,536mn, SABIC AB / 2010.SE
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