On July 5th, the domestic liquid ammonia market rose, with a daily increase of 2.45% in the main production area of Shandong, according to the Commodity Market Analysis System of Business Society. The main reason is the tight supply, which has a positive impact.
Some devices in the northern region have entered the maintenance period, and the operating rate of enterprises has decreased. The superimposed import sources have significantly decreased compared to the previous month. The market atmosphere has significantly improved compared to the previous week, and the exploratory nature of dealer offers has increased. However, due to the small changes in the downstream urea market, downstream agricultural demand for fertilizer preparation is coming to an end, indicating that this increase is mostly driven by suppliers. At present, the mainstream quotation in Shandong region is between 2700-2900 yuan/ton.
Prediction: It is expected that the tight supply trend of liquid ammonia in the near future will not be maintained for too long, as demand has not improved, and the retreat of agricultural demand will quell the contradiction of supply shortage. It is expected that there is not much upward space for liquid ammonia in the future.
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