Pakistan Fertilizer_DAP drives the volumes in Sep'21 ,(AKD Daily, Oct 27, 2021)
AKD Daily
Pakistan Fertilizer: DAP drives the volumes in Sep’21
- As per the numbers released by NFDC, total urea offtake for the industry clocked in at 487k MT, diminishing by 25%MoM due to seasonal decline in consumption in the month of September, however, the 9MCY21 offtake swelled by 10.4%YoY to stand at 4.6mn MT in contrast to 4.2mn MT in same period last year.
- DAP offtake increased 18.5%MoM to 221k MT owing to Rabi sowing season taking 9MCY21 DAP offtake to 1.08mn MT compared to 1.37mn MT in same period last year, down by 22%YoY.
- Local Urea price has increased by PkR125/bag to PkR1,725/bag since GIDC elimination, which may sustain till the end of CY21, given supply side hiccups.
- The current DAP price of EFERT stands at PkR7,390/bag, uptick of ~PkR2,750/bag over last 12 months while the retail prices of FFC and FFBL DAP current stand at PkR6,640 and PkR6,690/bag respectively where another hike of ~PkR600-700 may be witnessed soon.
AKD Research
Fauji Fertilizer is engaged in the manufacturing, purchasing and marketing of fertilizers including the investment in other fertilizer manufacturing operations. As of Dec 31 2004, Co. had a design capacity of 2,455,000 tonnes for urea production and 445,000 tonnes for DAP production.
AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.