Price trends:

According to statistics, the domestic ammonium nitrate ex-factory price trend is temporarily stable this week. The average weekend price is 1966.67 yuan/ton, which is temporarily stable compared with the early weekend price of 1966.67 yuan/ton, down 1.67% year-on-year.

II. Market analysis:

Products: This week, the domestic ammonium nitrate market price remains stable, 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 environmental protection control, the downstream civil explosion industry in China has stopped production more, domestic ammonium nitrate factory start-up is limited. Domestic prices remain low. By the end of the weekend, the mainstream in Shaanxi was 190-2050 yuan/ton, Shandong was 1900-2000 yuan/ton, Hebei was 1850-1950 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 maintained. Keep oscillating.

Industry Chain: Domestic nitric acid price declined this week, the market price was 1610 yuan/ton by the end of the week, and this week’s price fell by 4.83%. Domestic nitric acid market price declined. Mainstream manufacturers in Jiangsu Province offered 1600 yuan/ton, mainstream manufacturers in Anhui Province offered 1630 yuan/ton, Shandong manufacturers offered 1600-1650 yuan/ton, and nitric acid went away. In general, the lower price of upstream nitric acid market has a negative impact on downstream ammonium nitrate Market price; upstream raw material liquid ammonia price fluctuation, the end of the weekend liquid ammonia market price of 320 yuan/ton, liquid ammonia is affected by upstream costs, and most manufacturers inventory pressure has increased compared with the previous period. Subunits are restarted and local ammonia supply is increased in the region. Especially in Shanxi and North China, the supply of ammonia is sufficient for most manufacturers. The price quoted by manufacturers in North China is maintained in the range of 2900-3400 yuan/ton, while that in Northwest China is in the range of 2500-2600 yuan/ton. The low price of liquid ammonia has a negative impact on the downstream ammonium nitrate market. Recently, the downstream civil explosion industry is in the off-season. The demand for ammonium nitrate market remains low. The inventory of ammonium nitrate manufacturers is high. The market of nitric acid is not good, and the price of nitric acid market remains low.

Industry: In recent years, ammonium nitrate Market is general, downstream civilian explosion industry parks more, coupled with the upstream raw material market nitric acid price decline, ammonium nitrate market price trend is stable.

3. Future market forecast:

Ammonium nitrate analysts believe that the recent upstream raw material nitric acid market prices slightly lower, coupled with poor demand downstream, ammonium nitrate market prices are expected to slightly lower later.