This week (10.31-11.4), the domestic liquid ammonia stopped falling at the beginning of the week, and the price rebounded from the middle of the week to the weekend. As of November 4, compared with last weekend, the liquid ammonia has risen by 100-150 yuan/ton accumulatively. Mainly due to the reduction of ammonia emission by manufacturers in the north, the maintenance of some enterprises’ devices, and the decline of supply, prices in Shandong, Hebei, Shanxi and other places hit the bottom and recovered, and the market growth slowed on Friday. According to the monitoring of the business community, the increase of liquid ammonia this week was 1.30%.

Main domestic markets:

This week, the liquid ammonia market in Shandong continued to rise, and dealers generally reported higher, with an increase of more than 100-200 yuan/ton. At present, the supply pressure in this region is not large, the inventory pressure of large factories is relieved, the self consumption is increased, and the export volume is reduced. Since this week, the large factories in Shandong have generally raised the price twice, with a range of more than 100 yuan. Downstream demand just needs to be supported. After the urea market rebounded at the end of last month, it was roughly stable this week. Near the weekend, the mainstream price in this region is 3900-4100 yuan/ton

The liquid ammonia market in Hebei Province rose this week. As of Friday, it had rebounded continuously this week. Most dealers reported high prices, mostly in the range of 100-200 yuan/ton. At present, the market has improved slightly, and downstream inquiries have increased. The quotations of major manufacturers have been raised repeatedly this week. The cumulative growth of major manufacturers in Hebei Province this week is 100-150 yuan. The pressure on dealers’ inventory has eased, and the buying interest is gradually rising. At present, the pressure on ammonia volume in the region has eased slightly. As of Friday, the mainstream price in the region was 3800-4000 yuan/ton.

Future market forecast:

According to the analysts of the business community, the supply and demand of the domestic liquid ammonia market are basically balanced, and some markets are slightly differentiated, and the future market may show different ups and downs. After the rebound of the market this week, the future market may not push up much. Without any improvement in demand, liquid ammonia will still maintain a narrow range of shocks.