Analysis: On May 15th, the liquid ammonia market in Shandong region rose. According to the Commodity Market Analysis System of Shengyishe, the daily increase in the main production area of Shandong was 2.06%. The main reason is that some equipment in the northern main production area has been repaired due to malfunctions, and the contraction of the supply surface has brought benefits. On Wednesday, major factories in Shandong and surrounding Hebei and Henan provinces generally raised prices by 50-100 yuan/ton. The market has a strong atmosphere of speculation, and dealer quotes have followed suit. Downstream urea companies are gradually shutting down, and prices are linked upwards. At present, the mainstream quotation in Shandong region is between 3100-3300 yuan/ton.

Prediction: The shutdown of liquid ammonia enterprises in the north will continue for a period of time due to malfunctions, and the tense supply and demand atmosphere will not change. In the later stage, it may form support for the surrounding areas. Ammonia enterprises will mainly raise prices and chase up prices. In the short term, the ammonia market is prone to rise but difficult to fall, and attention should be paid to the resumption of work by ammonia enterprises in the later stage.