May 21 Ammonium nitrate market price trend temporarily stable

The Ammonium Nitrate Commodity Index of May 20 was 103.51, an increase of 0.88 points over yesterday, a decrease of 12.59% from the highest point in the cycle of 118.42 (2019-01-15) and a 77.37 increase from the lowest 33.79% point of October 31, 2016.

(Note: cycle refers to 2013-02-01 to date). Recently, domestic ammonium nitrate market price trend is stable, affected by environmental control, domestic ammonium nitrate plant shutdown more, domestic ammonium nitrate device driving less, but recently with the warmer weather, the northern gas limit effect disappeared, coupled with the domestic downstream civil explosion industry all shut down, domestic ammonium nitrate manufacturers inventory more, the price trend in the field decline.

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As of 21st domestic ammonium nitrate market price negotiations in 1900-2050 yuan/ton, affected by environmental protection, so now many areas of manufacturers are forced to production restrictions or cut off maintenance for environmental inspection, the field ammonium nitrate price trend temporarily stable. Recent domestic nitric acid price trend temporarily stable, as of 21st market price of 1633.33 yuan/ton, nitric acid price trend increase for ammonium nitrate market to bring a certain positive impact, ammonium nitrate price trend is stable; upstream raw material liquid ammonia price trend decline, as of 21st liquid ammonia market price of 3386.67 yuan/ton, Upstream raw material price trend decline for the ammonium nitrate market to bring a certain negative impact, nitrate market price trend temporarily stable. Recently downstream civil explosion industry peak season, for the ammonium nitrate market demand weakened, ammonium nitrate manufacturers inventory increased, but the liquid ammonia market is also rising trend, ammonium nitrate market due to bad market low shock. Business Society ammonium nitrate analysts believe that the recent upstream raw material market price to maintain a shock, but downstream demand is not good, expected late ammonium nitrate market price or maintain low shock.

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