Price trends:
According to statistics, the domestic ammonium nitrate ex-factory price trend is temporarily stable this week. The weekend average price is 2033.33 yuan/ton, which is 6.30% lower than the early price of 2033.33 yuan/ton.
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2. Market analysis:
Product: This week, the domestic ammonium nitrate market price trend is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant start-up is limited and domestic ammonium nitrate plant start-up is less. However, due to the downstream civil explosion industry shut down, domestic ammonium nitrate manufacturers have more stocks, and the price trend in the field remains weak. By the end of the weekend, the domestic ammonium nitrate market price negotiation was between 1900 and 2100 yuan/ton. Affected by environmental protection and the cancellation of gas limitation, manufacturers in many areas are now forced to limit production or stop production for maintenance to accept environmental protection inspection. The demand for ammonium nitrate in the downstream has decreased, but the market prices of the upstream raw material nitric acid and liquid ammonia have risen, and the market price of ammonium nitrate has stabilized.
Industry Chain: Domestic nitric acid price is rising this week, the market price is 1560 yuan/ton by the end of the week, and this week’s price is rising 0.64%. Upstream raw material liquid ammonia price is rising, the market price of liquid ammonia is 3206.67 yuan/ton by the end of the week, and this week’s price trend is rising 3.60%. Upstream raw material price trend has a positive impact on the ammonium nitrate market. The situation is temporary. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened, the inventory of ammonium nitrate manufacturers has increased, the market for nitric acid is not good, and the price of nitric acid market remains weak.
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Industry: Recently, the market of ammonium nitrate is not good. The downstream explosion industry has stopped completely. However, the price of raw materials in the upstream market has risen, and the market price of ammonium nitrate is temporarily stable.
3. Future market forecast:
Ammonium nitrate analysts believe that the recent upstream raw material liquid ammonia market price rise, but the downstream demand is poor, ammonium nitrate market prices are expected to remain low in the later period.
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