The price trend of ammonium nitrate in China is rising (10.7-10.12)

According to statistics, the market price of ammonium nitrate rose this week. By the end of the week, the domestic price of ammonium nitrate was 2300 yuan/ton, which was 8.66% higher than the price of 2116.67 yuan/ton at the beginning of the week and 12.20% higher than that of the previous year. The market price of ammonium nitrate was substantially higher supported by the price of raw material nitric acid.

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On the one hand, the price of ammonium nitrate is rising. On the other hand, the price of ammonium nitrate in the market is supported by the high price of nitric acid in the upstream raw material. The price of ammonium nitrate in the market is rising. The shipment of ammonium nitrate producers has not changed much. The downstream is purchased on demand. Due to the influence of custody and control, the downstream civil explosion industry in China still has a lot of shutdowns. Domestic ammonium nitrate manufacturers have limited start-up, supported by good raw materials, the price of ammonium nitrate has risen sharply. Up to now, the mainstream of negotiations in Shaanxi is 2300-2400 yuan/ton, that in Shandong is 2100-2300 yuan/ton, and that in Hebei is 2400-2500 yuan/ton.

Recently, the price of concentrated nitric acid in China has been slightly revised back. Jiangsu Hongze Silver Pearl Chemical quotation 2400 yuan/ton; Anhui Jinhe quotation 2300 yuan/ton; Shandong Heli Tai quotation 2300 yuan/ton, 500 yuan/ton higher than last week’s (17 days). Anhui Audley quoted 2300 yuan/; the price of nitric acid has fallen. After the National Day holiday, the factory restarted the parking and maintenance equipment, the supply of concentrated nitric acid increased, the demand of nitric acid market changed little, and the price of nitric acid market declined due to the increase of supply. However, the price of nitric acid market is still at a high level, which has a certain cost supporting role for the ammonium nitrate market, and the market price of ammonium nitrate is rising.

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The upstream domestic liquid ammonia market has fallen back, the current local ammonia volume is normal, and there is no pressure for enterprises to ship goods, but the manufacturers with large ammonia volume have lowered the ex-factory price. The mainstream quotation in Shandong is stable in the market of 2900-3100 yuan/ton liquid ammonia. The average price of liquid ammonia market is 3166.67 yuan/ton. Most of the liquid ammonia producers have general inventory pressure, while the quotation of the manufacturers in the northern region is maintained at 2800-32 yuan/ton. The price of liquid ammonia has a negative impact on the downstream ammonium nitrate market, and the price of ammonium nitrate has risen.

In recent years, the demand of downstream explosion industry has not improved. For ammonium nitrate market demand is limited, ammonium nitrate manufacturers have a high inventory, and the price of raw materials market has fallen. Analysts of ammonium nitrate business associations believe that the price of upstream raw materials nitrate Market has fallen in the near future, and the demand of downstream ammonium nitrate has not changed much. It is expected that the market price of ammonium nitrate will fall slightly later.

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