Price: 2960 yuan/ton

Analysis: On February 26th, the liquid ammonia market in Shandong region rose. According to the Commodity Market Analysis System of Business Society, the daily increase in the main production area of Shandong was 4.47%. The main reason is the decrease in ammonia emissions from large factories in the early stage, as well as the maintenance of some equipment failures, which provides support for the supply side. On Monday, large factories in Shandong and surrounding Hebei generally raised prices by 150-200 yuan/ton. The dealer’s offer followed suit. In addition, the downstream procurement enthusiasm has improved after the holiday, urea has stabilized its operation, and the demand side continues to recover. At present, the mainstream quotation in Shandong region is between 2800-3000 yuan/ton.

Prediction: It is expected that northern liquid ammonia enterprises may resume work in the short term, and the tight supply pattern may improve in the later stage. Coupled with the gradual end of downstream procurement peaks, it is expected that the upward trend of liquid ammonia in the later stage will be difficult to maintain, and the possibility of price reversal cannot be ruled out.