Last week, according to the monitoring of the business agency, the market of liquid ammonia in China was slightly lower. On weekends, most of the quotations of enterprises were lower than that at the beginning of the week. Some enterprises in the northern region were slightly lower, but the range was not large, at 50-100 yuan / ton. According to the monitoring of the business agency, last week’s (2.3-7) drop of liquid ammonia was 0.82%, but compared with that before the year, the drop of liquid ammonia price was obvious, generally 300-500 yuan / ton, down more than 8%, It is mainly because on the one hand, affected by the off-season atmosphere of the festival, on the other hand, after the year, the start-up of enterprises is generally delayed, the market enters a window period, few dealers enter the market, and they are generally in a state of closure. On the other hand, affected by the traffic, the transportation of liquid ammonia also enters a bottleneck period, resulting in a sharp drop in the price of liquid ammonia after the year. After the rebound in the first ten days of January 2020, the market of Shandong and Hebei enterprises in the main production areas has been repeated in the middle and last ten days, and the operating rate of liquid ammonia has been relatively low, most of them have turned to urea, and they are even frozen after the year. The main quotation in Shandong is 2500-2600 yuan / ton.

In North China, the liquid ammonia also fell steadily. The lack of demand led to the slow delivery of liquid ammonia. After the transformation to urea, the ammonia quantity was controlled. The inventory pressure of the enterprise was slightly relieved, but at present, there are many downstream stoppages, and the transportation was blocked, and the price fell. The main quotation in North China is 2500-2600 yuan / ton up and down.

In Hebei Province, on the one hand, the production and transportation problems are serious, and the production and sales are not prosperous. On the other hand, the environmental protection pressure is still not negligible, which leads to the limited production and shutdown of enterprises. Especially, the downstream distributors are generally closed, the enterprise inventory can not be cleared in time, there are many inventories, and the price is mainly downward. The mainstream quotation in Hebei Province is 2550-2650 yuan / ton.

At the end of the week, the market in Central China mainly declined, and the delivery pressure in Hubei increased significantly compared with that before the festival. Transportation is the most difficult area. Part of Henan Province is affected by environmental protection pressure, and the price gives more profits. Currently, the liquid ammonia market is shrouded in a bad atmosphere and weak operation, and the main quotation in Henan Province is 2450-2550 yuan / ton up and down. In addition, the northwest region is not smooth, and the enterprise quotation has dropped to 2400 yuan / ton.

From the perspective of the future market, the business community believes that the current market is slightly adjusted, the production rate of manufacturers is relatively low, the quotation of enterprises is mainly downward, most enterprises have room to make profits, many units are converted to urea production, and the production of liquid ammonia is affected to some extent, so as to balance the overstock of manufacturers’ inventory. However, with the coming of the spring farming season, the downstream nitrogen fertilizer production will expand, and it is expected that the short-term market will be stable and the medium-term price will be stable There is a rebound demand.