At the beginning of the week, the domestic liquid ammonia market rose. According to the Commodity Market Analysis System of the Business Society, the main production area in Shandong increased by 2.35% on the 25th. The main reason is tight supply, which is a positive driving force.
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On the supply side, maintenance of some devices in the northern region, as well as short-term shutdown due to faults in Mingshui and Luxi, have led to a decrease in the operating rate of enterprises. Overlapping imported sources of goods, there is a shortage of supply. The market atmosphere has significantly improved compared to the previous week, and the exploratory nature of dealer offers has increased. The downstream urea market continues to rise, and the expected increase in exports supports the strength of the urea market. From the perspective of terminal demand, agricultural demand should be followed up in a timely manner, while industrial demand should mainly be supported by immediate needs. At present, the mainstream quotation in Shandong region is between 2900-3000 yuan/ton.
Prediction: Liquid ammonia analysts from Business Society believe that the tight supply of liquid ammonia will continue for a period of time in the near future. With demand maintaining a moderate growth trend, there may still be room for upward movement in liquid ammonia prices.
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