Analysis: Over the week (June 24-28), the liquid ammonia market in Shandong experienced a slight decline. According to the business community commodity price analysis system, the main production area of Shandong saw a weekly decrease of 0.56%. The primary reason for this was the gradual resumption of maintenance units, leading to a loose supply situation. Coupled with an increase in the conversion rate of urea into ammonia by factories, which led to higher ammonia levels, this negatively impacted the price of ammonia. During midweek, most mainstream large factories in Shandong generally reduced prices by within 100 yuan/ton. Dealers mainly sold at lower prices. Furthermore, the purchasing enthusiasm among downstream customers was not high. Agricultural demand gradually entered its off-season, and industrial demand maintained essential needs. The overall demand side was bearish. Currently, the mainstream pricing in Shandong is between 2800-3000 yuan/ton. Forecast: In the near term, agricultural demand purchases will slow down, and industrial demand will follow up with essential needs, with a sufficient supply. However, some factories are rumored to have maintenance work, expecting a possible tightening in supply later on. It is possible that liquid ammonia prices may rebound.
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