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05-Sep-2016

SABIC increases urea prices for September to SAR705/tonne

Saudi Basic Industries Corporation (SABIC) [2010.SE] has increased its local urea price for September by SAR38/tonne (USD10/tonne) to SAR705/tonne (USD188/tonne), according to Argaam. The company has decided to reduce its diammonium phosphate (DAP) price for September by SAR30/tonne (USD8/tonne) to SAR1,875/tonne (USD500/tonne). (Argaam)   SABIC: SAR82.32 as of 04 September 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD65,856mn, SABIC AB / 2010.SE Saudi Basic Industries Corporation (SABIC) [2010.SE] has increased its local urea price for September by SAR38/tonne (USD10/tonne) to SAR705/tonne (USD188/tonne), according to Argaam. The company has decided to reduce its diammonium phosphate (DAP) price for September by SAR30/tonne (USD8/tonne) to SAR1,875/tonne (USD500/tonne). (Argaam)   SABIC: SAR82.32 as of 04 September 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD65,856mn, SABIC AB / 2010.SE

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