SunSirs: On October 19th, the Domestic Liquid Ammonia Market Price Rose
October 20 2023 10:30:07 SunSirs (John)
Price: 3,700 RMB/ton
Analysis review
On October 19th, the domestic liquid ammonia market price increased, and according to the Commodity Market Analysis System of SunSirs, the daily increase in the main production area of Shandong was 2.12%. The main reason was tight supply, which was good for support. The northern region was mainly affected by the Beijing conference, and transportation had been affected to some extent, resulting in a decrease in factory load. The manufacturer's quotation had been raised multiple times this week, with a cumulative increase of over 200 RMB/ton. The dealer's offer naturally rose.
In addition, the downstream urea market was stable and increased, mainly influenced by the new round of bidding from India, with an increase of 100-150 RMB/ton this week. From a terminal perspective, agricultural demand followed up in a timely manner, while industrial demand was mainly supported by rigid demand. However, there were not many new export orders, which might become a limiting factor for the rise of liquid ammonia in the later stage. As October 19th, the mainstream quotation in Shandong region was between 3,600-3,700 RMB/ton.
Market outlook
It is expected that in the near future, there will be a recovery in the equipment of northern liquid ammonia enterprises, and the downstream industrial demand is average. There may be a change in supply and demand in the short term, and it is expected that liquid ammonia will be difficult to continue driving up the market.
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