I. price trend

This week (11.25-29), according to the monitoring of the business agency, the domestic liquid ammonia market continued to follow the weak market of last week, and continued to decline slightly, with a decline of 0.84% and a downward detection range of 100 yuan / ton.

II. Market analysis

As far as the market is concerned this week, the liquid ammonia market is still suffering from loose supply and relatively weak demand. The ammonia inventory in most areas of China is at a medium high level. After entering November, the shipment volume has slowed down compared with the previous month, especially at the end of the month, the enthusiasm of downstream procurement is even lower. When nitrogen fertilizer and compound fertilizer enter into the winter off-season period, the market purchase quantity drops obviously.

This week, some enterprises in Shandong Province, the main production area, maintained stability, some of them fell by 50 yuan / ton, and the price in Northwest China remained stable. At present, there is a surplus of ammonia in some parts of Shandong Province. In particular, some manufacturers in Shandong Province have loose supply of goods, and the shipping pressure of enterprises is increasing, but the price of manufacturers with large ammonia is mainly stable. At the end of the week, the mainstream quotation in Shandong Province was 2750-2850 yuan / ton.

This week, the liquid ammonia in North China also fell slightly. The lack of demand led to the current ammonia volume hoarding and the price falling. The shipment pressure increased significantly. There were many downstream stoppages. At the end of the week, the main quotation in North China was 2800 yuan / ton up and down.

The increasing pressure of environmental protection in Hebei region has led to the majority of enterprises limiting production. The shutdown of large downstream enterprises such as China and Arab States has led to weak demand in the downstream. There are many enterprises accumulating inventory, and the price has not changed significantly. At the weekend, the mainstream quotation in Hebei is 2770-2850 yuan / ton.

This week, there was a slight downward trend in Central China, and the delivery pressure in Hubei was obvious. Part of Henan was affected by environmental protection pressure, and the price gave way to more profits. Currently, the liquid ammonia market is in a bad atmosphere, and weak operation, with the mainstream quotation of 2700 yuan / ton in Henan Province.

III. future forecast

In the future, the liquid ammonia data division of the Business Association believes that the market may continue to remain weak in the short term, mainly affected by the high ammonia volume in most regions and the slowdown in downstream procurement, and the market is expected to remain low next week.