In February, the liquid ammonia market rebounded after falling. According to the monitoring of the business community, the overall decline of liquid ammonia in the whole month was 0.20%.

Before the year, the market was in a downward trend, which was mainly affected by the light atmosphere before the festival, the decline of purchasing intention and the loose supply. With the recovery of natural gas supply in Southwest China before the festival, the supply of liquid ammonia has been eased, the amount of ammonia continues to increase, and the price in Southwest China also continues to decline, with a range of 400-500 yuan / ton. However, some enterprises in Shandong, Henan and other regions are still short of normal supply in the short term, and the prices in this region are relatively resistant. The decrease is only 200-300 yuan / ton.

After the year, the market gradually warmed up, the long-distance transportation recovered rapidly, and the liquid ammonia market ushered in the delivery period. As the inventory of liquid ammonia of most manufacturers has declined, it has also cleared the way for the price rise. After the festival, the demand for urea, phosphate fertilizer and other downstream products has picked up, and the purchase has increased. The price of liquid ammonia in Shandong and Hebei has also picked up significantly.

In terms of urea, the overall trend of urea in February was good, with a strong increase of 6.47%. The urea market continued to be affected by the higher demand for spring stock. The fertilizer use in spring was expected to rise, and the price continued to rise. After the festival, the market growth slowed down slightly, mainly because of the high price of urea, some liquid ammonia enterprises switched to urea, the supply of urea was loose, and the price stopped rising.

As far as the downstream compound fertilizer is concerned, it generally rose. According to the monitoring of the business society, the growth rate of monoammonium phosphate was 17.25% in February, and that of diammonium phosphate was 16.27% (as shown in the figure above). In February, the downstream demand rose as a whole. In agriculture, driven by the concentration of spring ploughing, the price gradually increased. In addition, with the increase of foreign export demand, the price of ammonium phosphate was high.

In the future, the business community believes that the liquid ammonia market may gradually return to stability in March, and the operation rate of the downstream product industry will gradually double, which has a certain support for the liquid ammonia Market. Some enterprises begin to recover ammonium nitrate plants, and the downstream procurement may be increased later. Moreover, the current urea price is high, and the overall pressure on the supply of liquid ammonia is not big. With the start of the spring ploughing season, the price of liquid ammonia in the later stage may still rise There is room for inflation.