SunSirs: On December 7th, the Domestic Liquid Ammonia Market Price Rose
December 08 2023 11:01:50 SunSirs (John)
Liquid ammonia price: 3,990 RMB/ton
Analysis review
On December 7th, liquid ammonia in Shandong continued its upward trend on December 6th. According to the Commodity Market Analysis System of SunSirs, the daily increase in the main production area of Shandong was 1.7%. The main production areas in the north were mainly affected by inflation, while environmental protection in Shandong had affected the start of construction. Some urea plants in Hebei had reduced production, coupled with temporary failures in some plants in Shanxi, the market had shown a tightening of supply. On Thursday, large factories in Shandong and surrounding Hebei generally raised prices by 50-100 RMB/ton. The dealer's offer followed suit. In addition, downstream procurement enthusiasm had slightly improved. Both supply and demand were favorable for the domestic ammonia market. As of December 6th, the mainstream quotation in Shandong region was between 3,900-4,000 RMB/ton.
Market outlook
It is expected that in the near future, the equipment of northern liquid ammonia enterprises will gradually recover with the end of environmental protection, and the production of enterprises will increase in the later stage. The upward trend of liquid ammonia will be suppressed, and prices may have room to fall.
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