SABIC increases urea price for January to SAR930/tonne
Saudi Basic Industries Corporation (SABIC) [2010.SE] has proposed to increase its local urea price for January by SAR75/tonne (USD20/tonne) to SAR930/tonne (USD248/tonne), according to Argaam. The company has decided to maintain its diammonium phosphate (DAP) price for January at SAR1,875/tonne (USD500/tonne). (Argaam) SABIC: SAR92.28 as of 08 January 2017, Rating: Neutral, TP: SAR90.00 per share, MCap: USD73,824mn, SABIC AB / 2010.SE
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