Analyst Pin-board Fertilizer sector – 3Q22 mixed earnings picture and better sales volume expectation in 4Q22
- Urea prices started to regain from August after recording a decrease in previous months while other prices were flat.
- Mixed earnings picture in 3Q2022 with growth from DPM, DCM while BFC to fall. Earnings may reach peak in 1H2022.
- Sales volume of domestic fertilizer is expected to improve in Winter-Spring crop. Overall consumption volume will still depend heavily on export activities, especially urea producers.
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