According to the commodity market analysis system of Shengyishe, the domestic ammonium nitrate market price trend remained stable in May. As of the end of the month, the market price of ammonium nitrate was 3870 yuan/ton, which was the same as the price of 3870 yuan/ton at the beginning of the month, a year-on-year decrease of 3.97%.
In May, the price trend of domestic ammonium nitrate market remained stable, and the operation of domestic ammonium nitrate manufacturers was stable. Recently, the supply of goods on site was normal, and the downstream procurement situation was average. The market price of ammonium nitrate was mainly stable. Recently, downstream demand for nitro compound fertilizer has been average, and the purchasing atmosphere in the domestic downstream civil explosive industry has cooled down. Domestic ammonium nitrate manufacturers are operating normally, and the price of ammonium nitrate has been mainly fluctuating recently. As of the end of the month, the mainstream negotiation prices in Shaanxi region are 5300-5500 yuan/ton, Shandong region is 3600-3800 yuan/ton, and Hebei region is 3700-3800 yuan/ton.
In May, the domestic price trend of concentrated nitric acid slightly declined, with an average price of 1830 yuan/ton as of the end of the month, a decrease of 1.44% from the initial price of 1856.67 yuan/ton. Mainstream enterprises in East China offer a price range of 1800-1900 yuan/ton, while those in the North and Central China offer a price range of 1800-2000 yuan/ton. At present, the supply side of the concentrated nitric acid market is normal, with a slight increase in cost trends. The market mainly relies on orders, and the transaction situation is not good. Industry insiders are mostly wait-and-see, and the on-site price of nitric acid has slightly decreased. As a result, the price of ammonium nitrate in the market has not changed much.
The price of upstream liquid ammonia slightly increased in May, with a price of 3100 yuan/ton as of the end of the month, an increase of 3.91% compared to the price of 2983.33 yuan/ton at the beginning of the month. In early May, some equipment underwent maintenance, and the supply side was relatively tight. Coupled with active downstream urea production, the amount of ammonia released decreased. And downstream procurement enthusiasm is high, agricultural demand procurement is still acceptable, industrial demand remains in demand, and the trend of the liquid ammonia market is on the rise. At present, the mainstream quotation in Shandong region is between 3050-3150 yuan/ton, and the market price of ammonium nitrate is stable due to the impact of rising costs.
Recently, the downstream civil explosive industry’s procurement has come to an end, and the demand for nitro compound fertilizer is average. The price trend of nitric acid has declined, and the liquid ammonia market in May has slightly increased. The positive and negative factors are shared, and the ammonium nitrate analyst from Business Society believes that the market price of ammonium nitrate may slightly decrease.
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