The latest price of liquid ammonia (May 22): 3100 RMB / ton, the market outlook is bearish

Key points of analysis: The domestic liquid ammonia market fell at the beginning of the week on May 22, and the decline in some areas was obvious. According to the commodity market analysis system of SunSirs, the daily decline in Shandong, the main production area, reached 4.62%, and the trading center of gravity moved down by 200-300 RMB compared with the previous weekend.

Since last week, the supply in Shandong has increased significantly. Due to the upward price of liquid ammonia in the early stage, ammonia companies have generally switched from urea to liquid ammonia. The increase in production has led to a backlog of inventories. In addition, a large number of imported goods arrived in Hong Kong last week, which has brought pressure on the liquid ammonia market in the region. At the beginning of the week, the quotations of major manufacturers generally decreased by more than 200 RMB/ton. From the demand side, the impact of the current off-season agricultural demand, the slowdown in downstream procurement, and the dual pressures of supply and demand have led to a sharp drop in the price of liquid ammonia. At present, the mainstream quotation in Shandong area is 2800-3000 RMB/ton.

Forecast of the future market: SunSirs liquid ammonia analysts believe that the ammonia market is relatively bearish in the short term, and the liquid ammonia market will continue to be transferred to other regions due to the supply pressure in the northern market, which may drive the surrounding prices to decline in the later period.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.