China’s liquid ammonia market sees steady, modest adjustments

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The Chinese liquid ammonia market saw slight adjustments while remaining stable. Author/Source: China Agri-Media. Date: 2016-12-01. Clicks: 1. On November 30, the Chinese liquid ammonia market continued to show slight changes within a stable framework. In the Shijiazhuang area of Hebei, prices have dropped by 30 yuan; in parts of northern Jiangsu, prices have also fallen by 30 yuan. In Henan, prices have risen by 20–30 yuan while remaining relatively stable. Currently, the prevailing acceptance price in Shijiazhuang, Hebei is 2,350–2,360 yuan per ton, while the factory acceptance price in Cangzhou is 2,550 yuan per ton ； In northern Shandong, the cash price is 2,430–2,560 yuan per ton, while in the Linyi area, the price upon delivery after acceptance is 2,650–2,680 yuan per ton ； In Jiangsu province, the mainstream price for goods delivered upon acceptance in northern Jiangsu is 2,590–2,700 yuan per ton, while in southern Jiangsu it is 2,750–2,780 yuan per ton ； In northern Anhui, the prevailing price for acceptance is 2,490–2,500 yuan per ton, while in southern Anhui the prevailing cash price is 2,600 yuan per ton ； The regional mainstream price in Henan is 2,400–2,450 yuan per ton ； The prevailing price for liquid ammonia in Hubei is 2,650–2,720 yuan per ton, with actual transaction prices ranging from 2,600–2,650 yuan per ton ； The mainstream price in Hunan is around 2,750 yuan per ton. 　　Future market forecast: There is an increasing level of resistance on the part of end-users, and liquid ammonia producers in certain regions are also pessimistic about the future market. However, thanks to the support provided by end-user costs, it is unlikely that prices in the liquid ammonia market will drop significantly in the short term. At the same time, environmental inspections have become increasingly stringent recently, with a focus on changes in the operating rates of liquid ammonia facilities and downstream enterprises in various regions. It is expected that the liquid ammonia market will remain stable with only slight fluctuations in the near term. (Bai Chuan)