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Dec 26, 2021REPORTPakistan

DAP offtake plunges by 38% YoY in November

Pakistan's DAP sales fell 38.4% year-on-year to 220,000 tonnes in November 2021 due to higher prices. The domestic 50 kg bag price rose 16% month-on-month to Rs8,015.

International DAP was quoted at $626-670/t fob Australia and $750-753/t fob China.

WHY IT MATTERS

Import-dependent Pakistani buyers are cutting volumes at current price levels, which weighs on regional phosphate demand. International quotes confirm elevated global DAP prices.

AFFECTSDAP▲

SOURCE
mettisglobal.newsMG NewsDec 26, 2021

Price reaction & history

DAP▲bullishSO FAR1d -2.5%5d -2.5%20d -4.1%

After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.

Nov 24, 2021DAP offtake increases 49% YoY in October+3.8%
Oct 28, 2019Fertilizer offtake decreases by 6.7 percent in September-5.9%
Oct 26, 2020Sale of Fertilizer during September grows by 9.6% YoY-2.5%
Nov 15, 2024Urea, DAP sales rise 8% in Oct0.0%
Dec 12, 2021Global Fertilizer Price Update: November’21 -0.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

DAP DAP · GP ▸

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