Analysis: On November 6th, the liquid ammonia in Shandong continued its rally from last Friday. According to the commodity market analysis system of the business society, the daily price increase in the main producing area was 1.69%. The primary reason for this was the continuation of tight supply. This was mainly due to temporary faults in factory installations leading to local halts in sales, causing the supply to remain unmet. On Monday, prices across Shandong and surrounding areas such as Hebei were generally raised by 100 yuan/ton. Dealers followed suit with their quotes. Additionally, downstream urea spot prices, influenced by strong futures, remained firm. Coupled with tight supplies, restrictions on production in the Shanxi region, and the need for urgent agricultural demand, industrial demand primarily supported. However, there were few new orders for export, which might become a restraining factor for the recent rise in liquid ammonia prices. Currently, mainstream quotes in Shandong are between 3900-4000 yuan/ton. Forecast: It is expected that northern liquid ammonia enterprises will resume operations in the near future, and given the general industrial demand, there might be some weakness in the short term, making it unlikely for liquid ammonia prices to rise sharply.
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