This week (4.14-18), domestic liquid ammonia rose, according to the Commodity Market Analysis System of Shengyi Society, the weekly increase of liquid ammonia in Shandong region was 0.73%. The main reason is that, against the backdrop of stable downstream demand, some equipment maintenance has not yet resumed, and the supply pressure has slightly eased. At present, the mainstream price of liquid ammonia in Shandong region is between 2600-2800 yuan/ton.

From the supply side, this week, the supply has been basically stable, and the supply pressure has slightly eased. The recovery of the operating rate of the main production areas in the north is limited. Some devices are still under maintenance this week, resulting in a decrease in supply. In addition, there is not much supply pressure in Hebei, Anhui, and the two lakes regions. During the week, sporadic price increases were the main trend, while prices stabilized over the weekend, with manufacturers raising prices within 50 yuan/ton this week. The market shows a basic balance between supply and demand.
From the demand side, there is not much improvement in downstream demand, with a decrease in the operating rate of compound fertilizers and a sustained demand for urea; In terms of agriculture, the dry weather in the southwest region has slightly delayed the demand for agricultural procurement, coupled with the decline in industrial demand, leading to a decrease in urea prices. According to the commodity analysis system of Shengyi Society, urea prices fell by 2.34% this week, and the terminal receiving capacity is not high, so many purchases are made at low prices.
Market forecast:
Business analysts believe that the slight increase in liquid ammonia prices this week is mainly due to favorable conditions from the supply side. However, with the expectation of resuming work on northern maintenance facilities next week, the supply side is facing pressure, and there is a risk of a correction in liquid ammonia prices.