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SunSirs: Liquid Ammonia Market Tends Is Difficult to Get Better in The Near Future

November 30 2019 13:30:51     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the market of liquid ammonia in China tended to be stable, with a slight decline in some areas on November 29. The drop of liquid ammonia was 0.84% compared with the previous day. Over the weekend, most of the manufacturers quoted a stable price, some of which lowered 50 RMB/ton. Some enterprises in Shandong, the main production area, maintained a stable price, some of which lowered 50 RMB/ton. Prices in Northwest China remained stable. At present, the partial ammonia quantity is surplus, especially the supply of some manufacturers in Shandong is relatively loose, and the pressure of enterprise shipment is increasing gradually, but the manufacturers with large ammonia quantity mainly stabilize the price, and the main quotation in Shandong is 2750-2850 RMB/ton.

In North China, the liquid ammonia is also slightly lower. The lack of demand leads to the current ammonia storage and price decline. The shipment pressure increases significantly. There are many downstream stoppages. The main quotation in North China is 2800 RMB/ton up and down.

The increasing pressure of environmental protection in Hebei region has led to the majority of enterprises limiting production. The shutdown of large downstream enterprises, has led to weak demand in the downstream. There are many enterprises accumulating inventory, and the price has not changed significantly. The mainstream quotation in Hebei is 2770-2850 RMB/ton.

Over the weekend, there was a slight downward trend in Central China, and the delivery pressure in Hubei was obvious. Part of Henan was affected by environmental pressure, and the price gave way to more profits. At present, the liquid ammonia market is full of negative atmosphere, weak operation, and the mainstream quotation in Henan is up and down 2700 RMB/ton.

In the future, SunSirs believes that the market may continue to maintain a weak position in the short term, mainly affected by the high ammonia volume in most regions. The recent market does not exclude the possibility of continuing to decline.

 

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

 

 

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