According to the Commodity Market Analysis System of Business Society, the price trend of domestic ammonium nitrate market is temporarily stable this week. As of the weekend, the market price of ammonium nitrate was 3980 yuan/ton, which is the same as the price at the beginning of the week at 3980 yuan/ton, and a year-on-year decrease of 0.25%.

This week, the price trend of domestic ammonium nitrate market is temporarily stable, and the operation of domestic ammonium nitrate manufacturers’ devices is stable. Recently, the supply of goods on the site has been normal, and downstream procurement has been normal. The situation of goods on the site is average, and the price trend of ammonium nitrate market is temporarily stable. Recently, the demand for downstream nitro compound fertilizers has been average, and the procurement in the domestic downstream civilian explosive industry is normal. Domestic ammonium nitrate manufacturers are operating normally, and the price of ammonium nitrate has been stable recently. As of now, the mainstream negotiation prices in Shaanxi region are between 5200-5300 yuan/ton, Shandong region is between 3800-4000 yuan/ton, and Hebei region is between 3900-4000 yuan/ton.

This week, the price trend of concentrated nitric acid in China has increased. As of the weekend, the average price of nitric acid in China was 2133.33 yuan/ton, an increase of 4.06% compared to the price of 2050 yuan/ton at the beginning of the week. Mainstream enterprises in East China offer prices ranging from 2100 to 2200 yuan/ton, while northern and central China offer prices ranging from 2000 to 2200 yuan/ton. At present, the supply side of the concentrated nitric acid market has not changed much, and the cost trend has increased. The supply of the concentrated nitric acid market is normal, and the market mainly relies on orders. The market trading volume has improved. Industry insiders are mostly wait-and-see, and the prices of nitric acid on the market have risen, while the price trend of ammonium nitrate market is temporarily stable.

The price trend of upstream liquid ammonia has increased this week. As of the weekend, the price of liquid ammonia was 3833.33 yuan/ton, an increase of 6.48% compared to the price of 3600 yuan/ton at the beginning of the week. Recently, the domestic liquid ammonia market has risen, mainly due to a decrease in supply in the main production areas, and some units are still in shutdown, resulting in a decline in supply. Prices of large factories in Shandong, Hubei, Hebei, and other regions have increased. On the demand side, the current agricultural demand is moderate, with stable domestic and export demand for compound fertilizers and reduced inventory from manufacturers, which provides a certain positive support for the liquid ammonia market. At present, the mainstream quotation in Shandong region is between 3800-3900 yuan/ton. The rise in upstream liquid ammonia prices has brought some positive support to the ammonium nitrate market, and the price trend of the ammonium nitrate market is temporarily stable.

Recently, the demand situation in the downstream civilian explosive industry has been normal, with a slight increase in demand for nitro compound fertilizers. The price trend of upstream nitric acid has increased, coupled with the rising price of liquid ammonia. The spot supply of ammonium nitrate is relatively normal, and ammonium nitrate analysts from Business Society believe that the market price of ammonium nitrate will mainly rise in the short term.