Pakistan: DAP demand/supply balance update

摘要

A total of 300,000 mt DAP has been booked for arrival in 2015, around 25-30% of Pakistan's annual import requirement. No new cargoes have been booked since the two confirmed in the last Fertilizer Week report, for Chawla and Pakarab, from Quantum/China and Ma'aden respectively. Engro specifically has not booked any new DAP cargoes since the two booked and already reported prior to the IFA meeting. With five cargoes now scheduled to arrive in June, there is little interest in prompt tonnage and the next wave of volume buying is more likely to be for July shipment to cover any shortfall in August/September demand.