Price: 4206 yuan/ton
Analysis: On November 22nd, the domestic liquid ammonia market fell from a high point, and the Shandong region gradually declined this week. According to the Commodity Market Analysis System of Business Society, the main production area of Shandong fell by 1.9% on Wednesday, and the trading center fell by about 200 yuan/ton compared to the previous Friday. The main reason is that the trend of tight supply in the main production areas has eased, and some faulty enterprises have resumed operation, gradually showing supply pressure. Since November, the import supply has also increased, which has had an impact on the liquid ammonia market in the region. Large factories in Shandong, Hebei, and other regions have all lowered their prices, with most of the price reductions today ranging from 50 to 100 yuan/ton. On the demand side, downstream demand is relatively stable, and the atmosphere of urea speculation has declined. The current industrial demand remains strong. At present, the mainstream quotation in Shandong region is between 4000-4200 yuan/ton.
Prediction: Liquid ammonia analysts from Business Society believe that the supply and demand pattern of the ammonia market will continue to shift from tightening to easing in the short term, and prices will continue to be weak in the near future.
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