Price trends:

According to statistics, the domestic ammonium nitrate ex-factory price declined slightly in March. At the end of the month, the average price was 2033.33 yuan/ton, which was 1.61% lower than that at the beginning of the month, and 7.15% lower than that at the beginning of the month.

2. Market analysis:

Products: The price trend of domestic ammonium nitrate Market declined slightly in March. Affected by environmental protection control, domestic ammonium nitrate plant shut down more and domestic ammonium nitrate plant started less. However, due to the complete shutdown of domestic downstream civil explosion industry after the Spring Festival, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field is slightly lower. As of the end of the month, the domestic ammonium nitrate market price negotiations in 1900-2100 yuan/ton, affected by environmental protection, gas limitation and so on, so now many manufacturers in many areas are forced to limit production or stop production for maintenance to accept environmental protection inspection, the price trend of ammonium nitrate on the site shocks.

Industry chain: The domestic price of nitric acid rose in March, with the market price of 1560 yuan/ton at the end of the month and 0.64% in March; the price of upstream raw material liquid ammonia rose sharply, with the market price of liquid ammonia at the end of the month at 3460 yuan/ton and the price trend of March rising by 21%. The rising price of upstream raw material has a positive impact on the market of ammonium nitrate. Because of the bad market of goods, the low level is maintained. Recently, the downstream civil explosion industry has entered the off-season. The demand for ammonium nitrate Market has weakened and the inventory of ammonium nitrate manufacturers has increased. However, the nitric acid market is on the rise again, and the price trend of ammonium nitrate is limited.

Industry: Recently, the domestic ammonium nitrate industry has been strictly controlled by the state. Some enterprises have stopped production. The downstream civilian explosion industry has entered the off-season. The domestic ammonium nitrate market trend is relatively stable.

3. Future market forecast:

Ammonium nitrate analysts believe that the recent upstream raw material liquid ammonia market prices continue to rise under pressure, coupled with a more stable trend of nitric acid prices, ammonium nitrate market prices are expected to remain volatile in April.