On May 25th, approaching the weekend, domestic liquid ammonia continued its decline this week and continued to decline. According to the Commodity Market Analysis System of Business Society, the main production area of Shandong fell by 2.19% daily, and the trading center moved down the range of 200 to 300 yuan/ton compared to the beginning of the week.
Liquid ammonia has shown an overall downward trend this week, with an increase in supply in the main production area of Shandong, and a high operating rate among enterprises. Many ammonia companies have switched to producing liquid ammonia due to increased production, resulting in inventory backlog. Coupled with a large number of imported goods arriving at the port last week, this has had an impact on the liquid ammonia market in the region. Shandong large factories have repeatedly lowered factory prices this week, with a cumulative range of around 300 yuan/ton. On the demand side, due to the impact of the current off-season agricultural demand, downstream procurement has slowed down, and the dual pressure of supply and demand has led to a continuous decline in the price of liquid ammonia. At present, the mainstream quotation in Shandong region is between 2700-3000 yuan/ton.
Prediction: Liquid ammonia analysts from Business Society believe that the supply and demand of ammonia in the short term are not favorable, and prices will continue to be weak in the near future.
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