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DAP sales in Pakistan fell 9.6% over April-September 2018 versus the same period last year, to 897 thousand tons according to NFDC data. September sales dropped 43% year on year to 199 thousand tons, leaving stocks of roughly 114.6 thousand tons carried forward.
Weaker offtake and ample carry-over stocks in Pakistan reduce near-term import demand for DAP, which is bearish for phosphate fertilizer prices in the region.
mettisglobal.newsMG NewsOct 25, 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.
