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Pakistan's urea offtake rose 240.4% year on year in October 2020 to 413 thousand tonnes, according to the National Fertilizer Development Centre. The prior-year base was depressed by high prices and uncertainty over the GIDC levy.
Closing inventories for December to February are forecast below recommended levels, signalling a tight supply position.
Tight Pakistani urea stocks and strong demand can lift regional import needs and support urea prices. The offtake jump mainly reflects a weak 2019 base, so the signal is moderate.
mettisglobal.newsMG News25 nov 2020Tras 76 eventos alcista de informe pasados, Urea se movió una mediana de 0,0 % en 5 sesiones (49% al alza; mitad central entre -2,2 % y +2,9 %), y -0,3 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
