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Pakistan's urea offtake rose 35% to 1.707 million tonnes in January to April 2021 versus the prior year, with April sales up 28%. DAP sales were flat for the period but fell 70% in April amid higher local prices and expectations of a subsidy announcement.
Stronger Pakistani urea demand supports nitrogen prices, while the sharp drop in DAP demand signals softer phosphate uptake locally. Subsidy expectations may keep buyers waiting, adding near-term volatility.
dawn.comThe Newspaper's Staff ReporterMay 27, 2021After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 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.
