Saudi Basic Industries Corporation (SABIC) [2010.SE] has reduced its local urea price for July by SAR38/tonne (USD10/tonne) to SAR705/tonne (USD188/tonne), according to Argaam. SABIC has also decided to reduce its diammonium phosphate (DAP) price for July by SAR75/tonne (USD20/tonne) to SAR1,905/tonne (USD508/tonne). (Argaam) SABIC: SAR81.12 as of 10 July 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD64,896 million, SABIC AB / 2010.SE
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