This week (3.22-26) liquid ammonia market rose sharply, according to the business community monitoring, liquid ammonia weekly decline of 8.00%. As of March 26, the monthly increase was 15.18%. The mainstream price in Shandong is 3600-3800 yuan / ton.

This week, the price of liquid ammonia continued the trend of last week and continued to soar. The sharp rise in prices in various regions of China was mainly caused by the tight supply. Previously, large factories in Henan, Hubei and Hunan had been overhauled, and the supply of goods was relatively scarce, especially in the three large factories in Northeast China. Two of them were overhauled, and some of them were seriously short of goods. This week, a factory in Shaanxi had a temporary device overhaul. In addition, some manufacturers in Shandong stopped selling liquid ammonia for their own use. It can be said that the reduction of liquid ammonia output continues to increase, resulting in a more tight supply. Big factories have also increased their quotations this week. According to the monitoring of the business agency, big factories in Shandong have increased their quotations three times in five trading days a week, with an increase of 250 yuan / ton. In addition, driven by the rising price of urea, the price of urea in India has continued to rise in the recent bidding and domestic urea export is favorable, especially in the area of ammonia shortage. The demand side is rigid and stable. In the peak season of spring ploughing, the downstream replenishment increases, and the supply exceeds the demand, which leads to the continuous sharp surge of liquid ammonia.

Urea price trend chart

In terms of urea, urea rose by 0.95% this week. Since the announcement of urea bidding in India, the cumulative rebound rate has been 3.06%. Foreign trade has driven domestic trade procurement, large plants frequently overhaul urea, and the domestic market inventory is also at a low level. Although there are still some light storage sources released in early April, Inner Mongolia plants are affected by double control, and the operating rate continues to decline. The market is expected to have a negative impact on domestic supply The effect should still be obvious. It is expected that the short-term urea price will strengthen or continue to break through, and will seek a balance between export and domestic supply.

Downstream compound fertilizer, generally high consolidation, according to business community monitoring, ammonium phosphate rose slightly this weekend, or 1.32% %The price of diammonium has not changed much. It can be seen that the lower reaches are still weak. The price rise of the upper reaches may further affect the profits of the lower reaches. The market has obviously entered a stagflation period. With the end of spring ploughing and fertilizer preparation, the agricultural demand continues to weaken. It is expected that the high price of raw materials may further lead to the decline of demand.

The manufacturer in Henan thinks that it is difficult to maintain the supply of liquid ammonia for a long time, and it may not be able to solve the problem in the near future.