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Pakistan's National Fertilizer Development Centre reported October 2017 DAP sales of 387 thousand tonnes, down 22.7% from a year earlier, while urea sales rose 4.2% to 375 thousand tonnes. Total fertilizer off-take fell 8.5% to 482 thousand tonnes.
Weaker phosphate off-take signals softer domestic DAP demand, which can ease import pressure, while firmer urea sales point to steadier nitrogen demand.
mettisglobal.newsMG NewsNov 27, 2017After 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.
After 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.
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.
