According to the Commodity Market Analysis System of the Business Society, the price trend of domestic ammonium nitrate market has declined this week. As of the weekend, the market price of ammonium nitrate was 3840 yuan/ton, a decrease of 1.50% compared to the price of 4000 yuan/ton at the beginning of the week, and a year-on-year decrease of 0.25%.

This week, the price trend of domestic ammonium nitrate market has declined, and the operation of domestic ammonium nitrate manufacturers’ devices has been stable. Recently, the supply of goods on site has been normal, but the downstream procurement situation has been average. High prices have been hindered, and the price trend of ammonium nitrate market has slightly declined. Recently, the demand for downstream nitro compound fertilizers has been average, and the procurement of domestic downstream civilian explosive industries is normal. Domestic ammonium nitrate manufacturers are operating normally, and the price of ammonium nitrate has slightly decreased recently. As of now, the mainstream negotiation prices in Shaanxi region are 4900-5000 yuan/ton, Shandong region is 3800-4000 yuan/ton, and Hebei region is 3900-4000 yuan/ton.

The price of concentrated nitric acid in China has slightly increased this week, with an average price of 2083.33 yuan/ton as of the weekend, an increase of 1.63% compared to the price of 2050 yuan/ton at the beginning of the week. Mainstream enterprises in East China offer prices ranging from 2100 to 2200 yuan/ton, while those in the North and Central China offer prices ranging from 2000 to 2100 yuan/ton. At present, there is not much change in the supply side of the concentrated nitric acid market, and the cost trend has increased. The supply of the concentrated nitric acid market is normal, and the market mainly relies on orders. The market transaction situation is average, and industry insiders are mostly wait-and-see. The price trend of nitric acid on the market has increased, and the decline in the market price of ammonium nitrate is limited due to increased costs.

The price trend of upstream liquid ammonia has increased this week. As of the weekend, the price of liquid ammonia was 4333.33 yuan/ton, an increase of 3.17% compared to the price of 4200 yuan/ton at the beginning of the week. The recent rise in the domestic liquid ammonia market is mainly due to short-term malfunctions in the manufacturer’s equipment, partial suspension of sales, and delayed supply. Large factories in Shandong and surrounding Hebei have generally raised prices, and dealers’ offers have followed suit. Downstream urea spot prices have been strongly affected by futures, showing strong performance, coupled with tight supply conditions and production restrictions in the Shanxi region. From a terminal perspective, agricultural demand follows up in a timely manner, while industrial demand is mainly supported by immediate demand. Currently, the mainstream quotation in Shandong region is between 4300-4350 yuan/ton. The rise in upstream liquid ammonia prices has a certain cost support for the ammonium nitrate market, and there is little change in the market price of ammonium nitrate.

Recently, the downstream civilian explosive industry has gradually entered a peak season, and the demand for nitro compound fertilizer is still good. In addition, there is an upward trend in upstream nitric acid prices, and the price of liquid ammonia is rising. There are many positive factors, and ammonium nitrate analysts from Business Society believe that the market price trend of ammonium nitrate is mainly stable.