August Ammonia prices continued last month the trend is still downward shock early Hebei, Henan, Anhui, Hubei, most manufacturers have dropped 30 to 50 yuan (t price, the same below), up 100 yuan higher. Regions across the country mainstream factory price of ammonia in 2400 ~ 2750 yuan, still in the high area during the year, the market outlook, ammonia prices have room to fall, is expected to increase more than 100 yuan, and the recent decline in small, high prices are expected to It will be more than 200 yuan.
Ammonia prices will continue to decline, mainly for three reasons:
First, the early or too large. Ammonia prices since March, begin to exert upward, when in June rose to the highest point of the country, mostly in liquid ammonia factory price of 2500 to 2900 yuan, the high areas such as Zhejiang, breaking the 3,000 mark, up to 3200 yuan, a record out of more than two years to a new high prices. Due to the larger cumulative gains once the market weakening, the price down inevitable.
Second, sales of urea into the off-season. Since late July, the urea into the national market off-season demand, the price of urea was also a significant decline in the trend, compared with the previous high point, the general drop of 100 yuan, higher than 200 yuan. In the case of sales of urea increased pressure, there will be more and more manufacturers of urea into ammonia more sales of intermediate goods, thereby increasing the supply of ammonia market.
Third, the raw material coal prices. More than 70% of ammonia are based on coal as raw material, coal market trends this year is poor, but also to provide space ammonia prices. Currently coal calorific value of 5500 kcal port price from 510 yuan down to 410 yuan beginning of the end of July. Conventional coal prices in July and August hot season, this year due to sufficient rain does not come. Market analysts believe that this year's coal prices rebound may be delayed until October.