According to the Commodity Market Analysis System of Business Society, the domestic ammonium nitrate market price has significantly increased this week. As of the weekend, the market price of ammonium nitrate was 3980 yuan/ton, an increase of 12.43% compared to the beginning of the week price of 3540 yuan/ton, and a year-on-year decrease of 9.13%.

This week, the price trend of domestic ammonium nitrate market has increased, and the operation of domestic ammonium nitrate manufacturers’ devices has been stable. Recently, the supply of goods on site has been normal. Due to reduced rainy weather, downstream procurement has increased, and the situation of on-site sales has improved. The price trend of ammonium nitrate market has increased. Recently, the shipping market of ammonium nitrate manufacturers has improved, and the enthusiasm for downstream procurement has increased. The demand for downstream nitro compound fertilizers has been average, while the procurement of domestic downstream civil explosive industries is normal. Domestic ammonium nitrate manufacturers have started operating normally, and the price of ammonium nitrate has recently increased significantly. As of now, the mainstream negotiation prices in Shaanxi region are between 5200-5300 yuan/ton, Shandong region is between 3800-4000 yuan/ton, and Hebei region is between 3900-4000 yuan/ton.

The price of concentrated nitric acid in China has slightly increased this week, with an average price of 1946.67 yuan/ton as of the weekend, an increase of 0.17% compared to the price of 1943.33 yuan/ton at the beginning of the week. Mainstream enterprises in East China offer prices ranging from 2000 to 2100 yuan/ton, while northern and central China offer prices ranging from 1900 to 2000 yuan/ton. At present, there is little change in the supply side of the concentrated nitric acid market, with costs maintaining. The supply of the concentrated nitric acid market is normal, and the market mainly relies on orders. The market volume is average, and industry insiders are mostly wait-and-see. The prices of nitric acid on the market have slightly increased, while the price trend of ammonium nitrate market has increased.

The price trend of upstream liquid ammonia has increased this week. As of the weekend, the price of liquid ammonia was 3400 yuan/ton, an increase of 0.99% compared to the price of 3366.67 yuan/ton at the beginning of the week. Recently, the domestic liquid ammonia market has slightly increased, mainly due to little change in supply in the main production areas, and some units are still in shutdown, with normal supply expectations. The prices of large factories in Shandong, Hubei, Hebei and other regions have slightly increased. On the demand side, the current agricultural demand is moderate, with stable domestic and export demand for compound fertilizers and reduced inventory from manufacturers, which provides a certain positive support for the liquid ammonia market. At present, the mainstream quotation in Shandong region is between 3400-3500 yuan/ton. The rise in upstream liquid ammonia prices has brought some positive support to the ammonium nitrate market, and the market price of ammonium nitrate has significantly increased.

Recently, the demand situation in the downstream civilian explosive industry has been normal, with a slight increase in demand for nitro compound fertilizers. The trend of nitric acid prices is mainly stable, while the price of liquid ammonia has recently increased slightly. The spot supply of ammonium nitrate is relatively normal, and ammonium nitrate analysts from Business Society believe that the market price of ammonium nitrate is mainly stable in the short term.