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Pakistan's DAP offtake in November 2018 was 265,000 tonnes, down 47.3% from November 2017, according to NFDC data. Domestic production was 66,000 tonnes, with 221,000 tonnes imported and about 793,000 tonnes available in total, leaving stock for future use.
Heavy DAP inventory and sharply lower offtake signal weak near-term phosphate demand in Pakistan, which may keep import needs subdued and pressure regional DAP prices.
mettisglobal.newsMG NewsDec 24, 2018After 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.
