As the Spring Festival approaches, the liquid ammonia market has been in a stalemate recently. Will the pre-festival market repeat again?

Recently, the liquid ammonia market continues to be weak. Since the coal regulation, the ammonia market has lost cost support and the price is difficult to return to the high level. Both upstream and downstream supply and demand are weak, and the market has suffered in a stalemate. This month, the market is still not improving, the overall supply is loose, the demand is dull and flat, and the mainstream price is in a stalemate. As the Spring Festival approaches, the demand of urea market is improving, driving the delivery of liquid ammonia. However, up to now, the market price is weak and stable, and there is no sign of rise.

Urea:

Recently, it is revealed by the NDRC: the supply of chemical fertilizer for spring ploughing is guaranteed, but the prices may still run high. Affected by this, the market situation improved and the factories' receipts improved as well. On the other hand, orders for directional aid to Pakistan are determined to be undertaken by the ports of Shandong and Hebei, and there is no pressure on the factories before the festival. The start-up of compound fertilizer is at a high level, goods are digested in the early stage, and the procurement gap still exists. The spring ploughing fertilizer reserve season is coming, and the fertilizer is prepared successively in the downstream. The summer pipe fertilizer reserve procurement is superimposed, and the supply in the field is tight. On the whole, the aftermarket of urea is favorable and sufficient, the factory has no pressure on delivery, and the downstream takes goods actively. However, no matter how good it is, it can't offset the impact of the Spring Festival holidays. Up to now, the overall quotation of enterprises is mainly stable, and the willingness to rise is not strong. Reducing inventory and delivering is still the primary task. It is expected that before the festival, the market is unlikely to fluctuate greatly. It will fluctuate steadily during the new year safely.

Ammonia:

The favorable accumulation of urea in the downstream has driven the good development of commercial ammonia sales. The factory changed the situation of high inventory in the early stage and took the pressure of delivery, turning to active shipments and good transaction. In the current market, as a whole, the price is relatively stable, the transaction of low-end goods is positive, the transaction of some factories is good, and the quotation is stable and rising slightly. After the shock of high-end price in the early stage, the market acceptance became loose, and there is no pressure for shipments. However, like urea, the biggest market in that year was the Spring Festival, ammonia enterprises also ranked the task of reducing storage in the first order. It is expected that the weak fluctuations before the festival will be the mainstream, and the possibility of continuing to decline cannot be ruled out.