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Pakistan's Economic Coordination Committee was briefed on urea and DAP supply and demand. The committee directed that two urea plants keep operating beyond February through October to secure supply, with a stock review scheduled for August.
Extended urea production in Pakistan adds domestic supply and reduces the need for imports, which eases upward pressure on urea and DAP prices in the region. The impact on global prices is limited.
mettisglobal.newsMG NewsFeb 19, 2019After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% over 20.
After 50 past bearish policy events, DAP moved a median +0.9% over 5 sessions (62% higher; middle half -0.1% to +1.6%), and +0.9% 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.
