Equity Analysis /

Pakistan Fertilizers: Jun’22 - Preemptive demand from price hike anticipation

  • Urea offtake jumped 47% MoM in Jun’22 to 736k tons as preemptive demand surfaced in anticipation of urea price hike

  • DAP offtake for Jun’22 is up 54% MoM to c.145,000 tons, due to low base, anticipated price hikes and PKR devaluation

  • We maintain our Overweight stance on the sector, with a preference for FFC and EFERT, each offering healthy DY

Abdul Ghani Mianoor
Intermarket Securities
26 July 2022


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.