January 4th News
On January 4th, Hebei Zhengyuan's liquid ammonia plant is operating normally. The manufacturer has lowered its quotation by 30 yuan today, with the current price at 2,290 yuan/ton. The manufacturer sells part of its production externally, with a daily sales volume of 300 tons. The plant has a liquid ammonia production capacity of 600,000 tons.
Chempricehub Analysis of Liquid Ammonia, Bull-Bear Score: -1
Hebei Zhengyuan's liquid ammonia quotation has been lowered by 30 yuan to 2,290 yuan/ton, indicating ample supply or weak demand in the short term, which is bearish for spot prices. Although the plant is operating normally with daily sales of 300 tons, the price reduction reflects market pressure and may exacerbate the downside risk of spot prices.