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Pakistan's DAP sales rose 49.2% year on year to 342,000 tonnes in October 2021, according to NFDC data. Domestic DAP prices rose 6.6% month on month to Rs6,917 per 50 kg bag, and international DAP was quoted at US$626-670/t fob Australia and US$635-638/t in China.
Strong offtake amid rising prices and tight supply signals firm phosphate demand in Pakistan, supporting import prices for DAP into the Rabi season.
mettisglobal.newsMG NewsNov 24, 2021After 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.
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.
