SunSirs: The Price of Liquid Ammonia Fell back at the Beginning of This Week after the Rise
September 13 2023 14:17:31 SunSirs (John)
Price trend
On September 12th, domestic liquid ammonia reversed last week's upward trend and turned into a decline. According to the Commodity Market Analysis System of SunSirs, the main production area of Shandong fell by 1.70% on a daily basis, and the trading center fell by a range of 150 to 200 RMB/ton compared to the previous Friday. As of September 12th, the mainstream quotation in Shandong region was between 3,600-3,800 RMB/ton
Analysis review
On the supply side, the supply in the main production areas had increased, and some faulty enterprises resumed operation, and supply pressure increased. In addition, since September, the supply of imported goods had only increased without decreasing, which had an impact on the liquid ammonia market in the region. Large factories in Shandong, Hebei, Henan, Shanxi and other regions had all lowered their prices, with most of the price reductions being at 100 RMB/ton on September 12.
On the demand side, downstream demand was relatively stable. However, due to the impact of urea testing, export pressure had increased, and market sentiment had slightly fluctuated. The industrial demand maintained just in needed.
Market outlook
Liquid ammonia analysts from SunSirs believe that in the short term, the supply and demand pattern of the ammonia market will continue to shift from tightening to easing, and prices will continue to be weak in the near future.
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