Pakistan's urea offtake rose 240.4% year on year in October 2020 to 413 thousand tonnes, according to the National Fertilizer Development Centre. The prior-year base was depressed by high prices and uncertainty over the GIDC levy.
Closing inventories for December to February are forecast below recommended levels, signalling a tight supply position.
Tight Pakistani urea stocks and strong demand can lift regional import needs and support urea prices. The offtake jump mainly reflects a weak 2019 base, so the signal is moderate.
Setelah 76 peristiwa laporan bullish sebelumnya, Urea bergerak median 0,0% selama 5 sesi (49% lebih tinggi; separuh tengah -2,2% sampai +2,9%), dan -0,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.