Loading…
Pakistan's National Fertilizer Development Centre reported total nutrient offtake of about 283,000 tonnes in March 2018, up 21.9% year on year. Urea offtake rose 65.4% to about 342,000 tonnes, while DAP offtake fell 2.5% to about 150,000 tonnes.
Strong urea offtake signals firm Pakistani import demand, which supports international urea prices. Softer DAP demand suggests less pressure on phosphate markets from this buyer.
mettisglobal.newsMG NewsApr 24, 2018After 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.
