July 11 Ammonium Nitrate Market Price Trend Stable

On July 11, the ammonium nitrate commodity index was 103.51, unchanged from yesterday, down 12.59% from the peak of 118.42 points in the cycle (2019-01-15), and up 33.79% from the low of 77.37 points on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Recently, domestic ammonium nitrate market price trend is temporarily stable. Affected by environmental protection control, domestic ammonium nitrate plant shuts down more, domestic ammonium nitrate plant starts less, but recently with the warming of the weather, the influence of northern air limitation disappears. In addition, due to the complete shutdown of domestic downstream civil explosion industry, domestic ammonium nitrate manufacturers have more stockpiles. Domestic prices are declining. As of the 11th day, the domestic ammonium nitrate market price talks in 1900-2050 yuan/ton, affected by environmental protection, so now many manufacturers in many areas are forced to limit production or stop production and maintenance for environmental protection inspection, the price trend of ammonium nitrate on the site is temporarily stable.

Recently, the domestic nitric acid price has slightly declined, the market price is 1773.33 yuan/ton as of the 11th day. The declining trend of nitric acid price has a negative impact on the ammonium nitrate market, and the price trend of ammonium nitrate is stable. The domestic liquid ammonia Market in the upstream has risen slightly, the market performance is general, the market turnover is still acceptable, and most manufacturers have risen by 5%. 0-100 yuan/ton, mainly affected by the increase of upstream costs, transaction remains stable. Most manufacturers’inventory pressure has eased slightly compared with the previous period. Some of the overhauls are the main ones. The supply performance of most manufacturers in North China is still acceptable. The quotations of manufacturers in North China are maintained at around 3200 yuan/ton, while those in Northwest China are above 2750-2800 yuan/ton. Under the normal shipment of manufacturers, rational purchasing of downstream manufacturers, rising prices of raw materials in the upstream have a certain positive impact on the ammonium nitrate market, and the price trend of ammonium nitrate Market is temporarily stable. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the stocks of ammonium nitrate manufacturers have increased, but the liquid ammonia market is on the rise again. The ammonium nitrate Market is shaking at a low level because of the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market price shocks, but the downstream demand is not good, ammonium nitrate market prices are expected to maintain shocks in the later period.