Price trends:

According to statistics, the domestic ammonium nitrate ex-factory price rose this week, with an average weekend price of 2016.67 yuan/ton, up 1.68% from 1983.33 yuan/ton at the beginning of the week and down 1.02% from the same period last year.

II. Market analysis:

Products: This week, the domestic ammonium nitrate market price rose slightly, recently affected by the upstream raw materials, the domestic ammonium nitrate market price rose, the domestic ammonium nitrate plant is running smoothly, is in the downstream demand off-season, ammonium nitrate factory shipment market is general, downstream on-demand procurement, coupled with the impact of environmental protection control, domestic. The downstream civil explosion industry stopped production more, domestic ammonium nitrate manufacturers started construction limited, and the range of price rise was limited. By the end of the weekend, the main stream of negotiations in Shaanxi was 2100-2200 yuan/ton, in Shandong was 2000-2100 yuan/ton, and in Hebei was 1850-2000 yuan/ton. Affected by environmental protection, some downstream factories were forced to limit production or stop production for maintenance to accept environmental protection inspection. The demand for ammonium nitrate was at a low level, and the market price of ammonium nitrate was small. The amplitude is higher.

Industry Chain: Domestic nitric acid price has risen sharply this week. The market price is 1933.33 yuan/ton by the end of the week. This week’s price trend has risen by 12.5%. Domestic nitric acid market price has risen sharply, which is good for domestic ammonium nitrate market. Mainstream manufacturers in Jiangsu province quote 1950 yuan/ton, and mainstream manufacturers in Anhui province quote 1950-2000 yuan/ton. Around 1950-2050 yuan/ton is quoted by Shandong manufacturers, and nitric acid goods are getting better. Rising prices in the upstream nitric acid market have a positive impact on the downstream ammonium nitrate Market price. The upstream raw material liquid ammonia price trend is rising, and the market price of liquid ammonia is 3226.67 yuan/ton by the end of the week. In addition, the upstream cost affects liquid ammonia. Recently, the domestic liquid ammonia start-up has declined, the supply of liquid ammonia is tight, the price of liquid ammonia is rising, the price of manufacturers in the northern region is maintained in the range of 2900-3500 yuan/ton, and the price in the northwest region is in the range of 2700-2900 yuan/ton. The rising market of liquid ammonia has a positive impact on the downstream ammonium nitrate market. Recently, the downstream civil explosion industry is in the off-season. For ammonium nitrate Market demand, the ammonium nitrate manufacturer’s inventory is at a high level. The nitric acid market is in a general market, and the price of nitric acid market rises slightly.

Industry: Recently, ammonium nitrate Market in general, downstream civilian explosion industry parking more, but the upstream raw material market prices of nitric acid rose sharply, ammonium nitrate market prices rose.

3. Future market forecast:

Ammonium nitrate analysts believe that the recent upstream raw material nitric acid and liquid ammonia market prices have increased, but downstream demand has not improved significantly, ammonium nitrate market prices are expected to rise slightly later.