Price: 3,166 RMB/ton

Analysis review

On May 22nd, the liquid ammonia market in Shandong region fell. According to the Commodity Market Analysis System of SunSirs, the daily decline in the main production area of Shandong WAs 4.62%.

The main reason was that the maintenance equipments had resumed work one after another, and the supply side had shown a loose performance. Coupled with the downstream related product urea, which stopped rising this week, some regions had fallen back, and the market had fallen into a stalemate, which dragged down ammonia prices. On May 22nd, mainstream large factories in Shandong had generally lowered their prices by more than 100 RMB/ton. Dealers tended to lower their shipments. Moreover, downstream procurement enthusiasm was not high, agricultural demand was gradually entering the off-season, industrial demand remained strong, and the sluggish demand side had suppressed the price of liquid ammonia. As of May 22nd, the mainstream quotation in Shandong region was between 3,000-3,200 RMB/ton.

Market outlook

Recently, the demand for agricultural procurement had slowed down and the supply was sufficient. It is expected that liquid ammonia will remain weak in the near future, and it is not ruled out that prices may continue to decline.

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