On November 11, the Hebei Zhenyuan ammonia unit operated normally. The manufacturer's quoted price was adjusted by 50 Yuan today, now at 2400 Yuan/ton, with a portion being sold externally and primarily used internally with an daily sales volume of 300 tons. With a total capacity of 600,000 tons, the factory has been operating smoothly.
PriceSeek assesses the ammonia market, giving it a neutral rating: 1. The normal operation of the Hebei Zhenyuan ammonia unit, along with an increase in the quoted price by 50 Yuan to 2400 Yuan/ton today, represents an approximate 2.08% rise. This indicates that the supply in the spot market is tighter or that demand is strengthening. The unit has a capacity of 600,000 tons and sells 300 tons daily, predominantly for domestic use, with some exported, reflecting stable internal demand as a support for price increases. This news is positive for the current spot prices of ammonia, but the increase is moderate and not significant, hence rated as only slightly favorable.
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