Market price trend of ammonium nitrate declined on August 26

On August 25, the ammonium nitrate commodity index was 103.51, which was the same as yesterday. It was 12.59% lower than the cyclical peak of 118.42 points (2019-01-15), and 33.79% higher than the lowest point of 77.37 on October 31, 2016. (Note: Period refers to 2013-02-01 to date).

Domestic ammonium nitrate market prices slipped slightly on the 26th. Domestic ammonium nitrate plants are running smoothly and are in the off-season of downstream demand. Ammonium nitrate manufacturers have a general delivery market and purchase on demand downstream. In addition, affected by environmental protection control, the downstream civil explosion industry in China has been shut down a lot. Domestic ammonium nitrate manufacturers have limited start-up and low on-site prices. The amplitude declined. By the end of the weekend, the mainstream in Shaanxi was 190-2000 yuan/ton, in Shandong was 190-2000 yuan/ton, and in Hebei was 1850-1950 yuan/ton. Affected by environmental protection, some downstream factories were forced to limit production or stop production for maintenance and accept environmental protection inspection. The demand for ammonium nitrate was at a low level, and the market price of ammonium nitrate was small. The amplitude declined.

Recently, the domestic nitric acid price has maintained a low trend, with the market price of 1610 yuan/ton as of the 26th. The domestic nitric acid market price has maintained a low level, which has a negative impact on the ammonium nitrate market. Jiangsu mainstream manufacturers quoted 1600 yuan/ton, Anhui mainstream manufacturers quoted 1620 yuan/ton, Shandong manufacturers quoted 1620 yuan/ton, the low price trend of nitric acid has a negative impact on the ammonium nitrate market, the price trend of ammonium nitrate slightly declined; upstream domestic liquid ammonia Market volatility, the market performance is general, The market turnover is still acceptable. The market price of liquid ammonia is 3210 yuan/ton. The upstream cost of liquid ammonia is lower. In addition, most of the manufacturers’inventory pressure has increased compared with the previous period. Some plants have been restarted and local ammonia supply in the region has increased. Especially in Shanxi and North China, most of the manufacturers have sufficient supply of ammonia, while the manufacturers in North China have sufficient supply of ammonia. The price is maintained in the range of 2900-3400 yuan/ton and 2500-2600 yuan/ton in Northwest China. The low level of liquid ammonia has a negative impact on the downstream ammonium nitrate market. At the end of the peak season of the downstream civil explosion industry recently, the demand for ammonium nitrate has weakened and the inventory of ammonium nitrate manufacturers has increased. However, the price trend of liquid ammonia market is temporarily stable, and the market of ammonium nitrate is shaking at a low level due to the bad market. Ammonium nitrate analysts believe that the recent upstream raw material market prices remain volatile, but the downstream demand is not good, ammonium nitrate market prices are expected to remain low in the later period.