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SunSirs: The Market Price Trend of Ammonium Nitrate Was Stable in December

December 31 2019 10:17:56     SunSirs (John)

Price trend

On December 30, the ammonium nitrate commodity index was 121.05, the same as previous day, a record high in the cycle, 56.46% higher than the lowest point of 77.37 on October 31, 2016. (Note: cycle refers to 2013-02-01 to now).

 

In December, the price trend of domestic ammonium nitrate Market remained at a high level, the domestic ammonium nitrate plant started normal operation, the supply of goods in the near future was normal, and the domestic price trend remained at a high level. In the near future, the shipment market of ammonium nitrate manufacturers has improved, and the downstream purchase is on demand. In the near future, the trend of downstream nitro compound fertilizer is normal. The domestic downstream civil explosive industry still stops production more, the domestic ammonium nitrate manufacturers have limited start-up, and the market price of ammonium nitrate remains high. Up to now, the mainstream of negotiation in Shaanxi is 2,300-2,400 RMB/ton, that in Shandong is 2,300-2,500 RMB/ton, and that in Hebei is 2,400-2,600 RMB/ton.

In December, the price of concentrated nitric acid in China fell slightly, down 1.02%.Jiangsu Hongze Yinzhu Chemical Co., Ltd. offers 1,600 RMB/ton; Anhui Jinhe offers 1,600 RMB/ton; Shandong helitai offers 1,800 RMB/ton. Anhui Aodeli offers 1,650 RMB/ton; Wenshui County synthetic chemical offers 1,650 RMB/ton. Recently, the domestic maintenance equipment has been restarted, the supply of concentrated nitric acid market has increased, and the situation of goods in the field is general. The price of ammonium nitrate Market in December is stable due to negative factors, and the price of raw material nitric acid has declined, which is a negative impact on the market of ammonium nitrate.

The liquid ammonia Market in the upstream fell in December, with a drop of 3.01% in December. The domestic liquid ammonia market is slightly lower, with a slight decline in the northern region. Most of the manufacturers have reported stability, some of them are down 50-100 RMB/ton. Some enterprises in Shandong, the main production area, have continuously lowered their prices, while the prices in the northwest region remain stable. At present, the partial ammonia quantity is surplus, especially the supply of some manufacturers in Shandong is relatively loose, and the pressure of enterprise shipment is increasing gradually, but the manufacturers with large ammonia quantity mainly stabilize the price, and the main quotation in Shandong is 2,850-2,950 RMB/ton. In North China, the liquid ammonia is also slightly lower. The lack of demand leads to the current ammonia storage and price decline. The shipment pressure increases significantly. There are many downstream stoppages. The main quotation in North China is 2,800 RMB/ton up and down. The increasing pressure of environmental protection in Hebei Province has led to the majority of enterprises limiting production. The shutdown of large downstream enterprises has led to the weakness of downstream demand. There are many enterprises accumulating inventory and the price has not changed significantly. The mainstream quotation in Hebei Province is 2,770-2,850 RMB/ton. The overall trend of liquid ammonia is still not optimistic. The overall trend of the upstream liquid ammonia Market declined, while the price trend of ammonium nitrate Market is temporarily stable.

In the near future, the demand of the downstream civil explosive industry is general, and the market demand for ammonium nitrate is normal, but the market price of raw materials falls, and the market price of ammonium nitrate loses cost support. Ammonium nitrate analysts of SunSirs believe that the market price of ammonium nitrate may maintain high volatility in the later period.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

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