According to the commodity market analysis system of Business Society, the domestic ammonium nitrate market price trend has remained stable this week. As of the weekend, the market price of ammonium nitrate was 4000 yuan/ton, an increase of 0.76% from the beginning of the week’s price of 4000 yuan/ton, and a year-on-year decrease of 6.54%.

This week, the price trend of domestic ammonium nitrate market has remained stable, with stable operation of domestic ammonium nitrate manufacturers. Recently, the supply of goods on site has been normal, and the downstream procurement situation is still good. The price of ammonium nitrate market is mainly stable. Recently, the demand for downstream nitro compound fertilizer has been average, and the procurement of domestic downstream civil explosives industry is normal. Domestic ammonium nitrate manufacturers are operating normally, and the price trend of ammonium nitrate has been stable recently. As of now, the mainstream negotiation price in Shaanxi region is 5100-5200 yuan/ton, in Shandong region it is 3800-4000 yuan/ton, and in Hebei region it is 3900-4000 yuan/ton.

The domestic price of concentrated nitric acid has slightly increased this week, with an average price of 2300 yuan/ton as of the weekend, an increase of 2.22% compared to the price of 2250 yuan/ton at the beginning of the week. Mainstream enterprises in East China offer prices ranging from 2200 to 2400 yuan/ton, while northern and central China offer prices ranging from 2200 to 2300 yuan/ton. At present, there is not much change in the supply side of the concentrated nitric acid market, and the cost trend is rising. The supply of concentrated nitric acid 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 in the market is rising, and the price trend of ammonium nitrate is stable.

The price of upstream liquid ammonia has risen this week, with a price of 4056.67 yuan/ton as of the weekend, an increase of 5.0% from the initial price of 3863.33 yuan/ton. The main production areas in the north are mainly affected by price increases. Environmental protection in Shandong has affected the start of construction, and some urea plants in Hebei have reduced production. Coupled with temporary failures in some plants in Shanxi, the market has shown a tightening of supply. Large factories in Shandong and surrounding Hebei have generally raised prices, and dealer quotes have followed suit. In addition, downstream procurement enthusiasm has slightly improved, and both supply and demand are favorable for the domestic ammonia market. Currently, the mainstream quotation in Shandong region is between 4000-4100 yuan/ton, and the market price of ammonium nitrate has not changed much due to this impact.

Recently, the procurement in the downstream civil explosive industry has been relatively normal, and the demand for nitro compound fertilizer is still acceptable. In addition, the upstream liquid ammonia price trend is rising, but there is a downward trend in nitric acid prices. The combination of long and short factors has led to a stable price trend in the ammonium nitrate market, which is believed by analysts from Business Society.