SunSirs: Domestic Liquid Ammonia Market Stabilized on September 15
September 16 2021 14:04:55 SunSirs (John)
Price trend
On September 15, the domestic liquid ammonia market stabilized. According to the monitoring of SunSirs, the daily increase or decrease was 0. As of Wednesday, the weekly increase was 1.03%.
Analysis review
The liquid ammonia market in Shandong has gradually stabilized, and the current rise has been significantly weakened. After a continuous rebound last week, the current liquid ammonia price has reached a relatively high level. On Tuesday, most manufacturers maintained their quotations the day before. Traders’ quotations are generally stable, with normal shipments, and the acquisition of goods is more positive than in the previous period. The ammonia pressure in the region has eased compared with the beginning of the month, and manufacturers have gradually lowered their warehouses. As of the 15th, the mainstream market price in the region was 4,400-4,600 RMB/ton. It is expected that ammonia prices may stabilize in the near future.
The liquid ammonia market in Hebei has stabilized, and most major manufacturers maintained their quotations the day before today. The downstream procurement situation has slightly increased compared with the previous period. The factory shipment speed is normal, and the destocking is acceptable. Most of the installations in Hebei are under normal operation. The amount of ammonia in the region has slightly decreased compared with the previous period. On the 15th, the mainstream price in the region was 4,350-4,500 RMB/ton.
Market outlook
The liquid ammonia market is expected to be stable with small fluctuations in the near future.
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