SunSirs: On July 5th, the Domestic Liquid Ammonia Market Rose
July 06 2023 09:56:42 SunSirs (John)
Price trend
On July 5th, the domestic liquid ammonia market rose, with a daily increase of 2.45% in the main production area of Shandong, according to the Commodity Market Analysis System of SunSirs. The main reason was the tight supply, which had a positive impact.
Analysis review
Some devices in the northern region entered the maintenance period, and the operating rate of enterprises had decreased. In addition, the source of imported goods had significantly decreased compared to the previous month. The market atmosphere had significantly improved compared to the previous week, and the exploratory nature of dealer offers had increased. However, due to the small changes in the downstream urea market, downstream agricultural demand for fertilizer preparation was coming to an end, indicating that this increase was mostly driven by suppliers. As of July 5, the mainstream quotation in Shandong region was between 2,700-2,900 RMB/ton.
Market outlook
It is expected that the tight supply trend of liquid ammonia in the near future will not be maintained for too long, as demand has not improved and the retreat of agricultural demand will quell the contradiction of supply shortage. It is expected that there is not much room for the future upward trend of liquid ammonia.
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