Last week, the liquid ammonia market in Shandong was sluggish, and prices fluctuated and fell. According to the commodity market analysis system of SunSirs, the weekly decline in Shandong, the main production area of ​​liquid ammonia, was 3.17%. The main reason is that the supply contradiction is prominent and the market inventory is too much.

Recently, with the gradual resumption of maintenance equipment, the supply side has been loose, coupled with the increase in the amount of urea converted to liquid ammonia by manufacturers, the supply has increased significantly, and the high production of liquid ammonia has dragged down the price.

Starting from last Tuesday, companies have gradually reduced prices, which continued until Friday. The mainstream manufacturers in Shandong generally reduced the range of 200 RMB/ton. Most dealers underreport shipments. In addition, the enthusiasm for downstream procurement is not high. The demand in agriculture is still in the off-season, and the industrial demand remains rigid, and the demand side is generally bearish. At present, the mainstream quotation in Shandong is 2200-2350 RMB/ton.

Forecast: The recent agricultural demand market is in the off-season, and industrial demand is just following up. The supply of liquid ammonia is sufficient, and the supply pressure may be partially relieved in the later period. On the one hand, as the prices in the main production areas in the north hover at low levels or tighten supply, enterprises have increased their price inspections.

From the demand side, downstream purchases may continue to be sluggish, maintain reasonable purchasing demand, and there is limited room for order increase in the later period, and industrial demand is just following up.

Taking all factors into consideration, the decline of liquid ammonia may slow down this week, and the price range will fluctuate as the price gradually stops falling.

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