On August 24, the domestic ammonium nitrate price trend declined. Due to different production fuels, the price gap between manufacturers was large. The mainstream price of ammonium nitrate negotiated in the market was 4,000-4,200 RMB/ton, and the price of ammonium acid in Hebei was 4,200-4,300 RMB/ton.
Analysis review
Recently, the price of liquid ammonia in the upstream raw material market dropped, and the price of nitric acid dropped. The decline in the price of raw materials has a certain negative impact on the ammonium nitrate market, but the sales of the downstream civil explosive industry have come to an end. Recently, the supply of goods in the market was normal, and the market price of ammonium nitrate declined.
Market outlook
It is expected that the price of ammonium nitrate may fall slightly in the later period.
