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Pakistan's total DAP offtake in October 2019 was 271 thousand tonnes, down 48% from a year earlier, according to National Fertilizer Development Centre data. DAP prices rose about 0.5% over the period, and total availability for Rabi 2019-20 is projected at about 1,556 thousand tonnes.
Sharply weaker Pakistani demand and a comfortable supply outlook suggest limited import pull for DAP in the near term, which weighs on phosphate prices in the region.
mettisglobal.newsMG NewsNov 26, 2019After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% 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.
