In November, the performance of domestic liquid ammonia market was sluggish, continuing the downward trend of last month, and the price hit a new low. At the end of the month, the price in most parts of the country still showed no sign of stabilizing. According to the monitoring of the business agency, the drop of liquid ammonia Market in Shandong Province reached 5.53%, and the price of liquid ammonia in Shandong Province was generally 2700-2800 yuan / ton. It is 200-300 yuan / ton lower than last month. The overall market atmosphere is relatively low, and the expectation for the later market is low.

In terms of supply, the overall supply of liquid ammonia Market in November was relatively surplus, and the unit operating rate of enterprises was slightly higher. In Shanxi and Shandong areas, the peak shifting and production limiting, the coming of winter haze, the increasing pressure of environmental protection, and the limited transportation in Wuhan, Hubei Province, lead to the tight supply of liquid ammonia in some areas; while the start-up of other liquid ammonia enterprises is still at a high level, with the full resumption of production of liquid ammonia units in Hubei, the price of liquid ammonia has declined. In addition, in the near future, manufacturers in Anhui Province have maintenance plans. In the next month, the operating rate of liquid ammonia enterprises will be reduced, and the local liquid ammonia market may pick up. However, in the whole country, the overall trend of liquid ammonia is still not optimistic, mainly due to the relative lack of downstream demand. At present, the market is still in a situation of weak supply and demand.

In terms of demand, the demand for liquid ammonia continued to decline in November. First of all, the downstream operating rate remained low, and under the double pressure of environmental protection and safety, the operating rate of some chemical enterprises continued to be low, and the sales progress of compound fertilizer enterprises was slow, the fertilizer procurement entered the market off-season, and the production enthusiasm was not high, especially the situation of small and medium-sized compound fertilizer enterprises stopping production or reducing production was particularly obvious In the aspect of phosphate fertilizer, the demand of phosphate compound fertilizer has entered into the window period of demand, the fertilizer land in winter market has gradually shrunk, some enterprises have stopped for maintenance, and the demand for liquid ammonia is shrinking. At the same time, Hubei, as a phosphate fertilizer enterprise with 40% capacity, has a large production limit.

In the future, the business community believes that the liquid ammonia market may be difficult to get out of the strong market in the short term, which is mainly affected by the weak demand in most regions, resulting in the overstock of inventory. The recent market does not exclude the possibility of further exploration.