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Pakistani urea manufacturers' profitability rose 67% year on year to Rs8.3 billion in the second quarter of 2018. Higher urea and DAP prices and tight supply lifted gross margins to 29%, while urea sales volumes fell 19%.
Tight supply and firm pricing among Pakistani producers reflect a regional nitrogen market that is supportive of prices, though the report is a company earnings update rather than a new supply shock.
nation.com.pkOur Staff ReporterSep 8, 2018After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
After 38 past neutral report events, DAP moved a median +0.5% over 5 sessions (61% higher; middle half -0.5% to +1.6%), and +3.9% 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.
