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SunSirs: The Market of Price Trend of Ammonium Nitrate Rose on January 9

January 10 2020 10:52:53     SunSirs (John)

On January 8, the ammonium nitrate commodity index was 121.05, the same as the 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).

On January 9, the price trend of domestic ammonium nitrate market rose, the operation of domestic ammonium nitrate manufacturers' devices was stable, the delivery market of ammonium nitrate manufacturers was general, the downstream purchased on demand. In addition, due to the impact of environmental protection control, the domestic downstream civilian explosion industry still had more production shutdowns. Start-up of ammonium manufacturers is limited, and the price trend in the market rose slightly. As of now, the mainstream of negotiation in Shaanxi is 2,300-2,400 RMB/ton, the mainstream of Shandong is 2,200-2,400 RMB/ton, and the price in Hebei is 2,400-2,600 RMB/ton. Due to environmental impact, some downstream manufacturers have restarted. Demand has risen, but raw material prices are low, and the market price of ammonium nitrate has risen.

Recently, the price trend of the domestic nitric acid market has continued to remain low, and the mainstream manufacturers in Jiangsu have offered at 1,600 RMB/ton. The mainstream manufacturers in Anhui offer about 1,600 RMB/ton. Shandong manufacturers offer about 1,650 RMB/ton, the price trend is weak. The shipment of nitric acid is general. The low price of nitric acid has a negative effect on the ammonium nitrate market. The domestic liquid ammonia Market in the upper reaches has declined sharply, the enterprises have restarted the pace of reduction, some prices in the northern region have declined, most manufacturers' quotations are flat, some enterprises in the main production area of Shandong have stabilized, and the prices in the northwest region have remained stable. At present, the local ammonia quantity is abundant, especially the supply of some manufacturers in Shandong is relatively loose, and the enterprise's shipping pressure is increasing, but the manufacturers with large ammonia quantity are mainly stable. The main quotation in Shandong is 2,850-2,950 RMB/ton. In North China, the liquid ammonia is also stable, and the lack of demand leads to the slow delivery of liquid ammonia. After urea conversion, the ammonia quantity is controlled, and the inventory pressure of the enterprise is slightly relieved. At present, there are many downstream enterprises shut down, and the main quotation in North China is 2,800 RMB/ton. The pressure of environmental protection in Hebei is still not negligible, which leads to the majority of enterprises limiting production. The shutdown of large downstream enterprises leads to the weakness of downstream demand. There are many enterprises accumulating inventory, and there is no significant change in price. The mainstream quotation in Hebei is 2800-2850 RMB/ton, and the market price of ammonium nitrate increases by a limited margin.

Analysts of ammonium nitrate of SunSirs think that the market price of upstream raw material nitric acid keeps low in the near future, but the downstream demand has increased, and it is expected that the market price of ammonium nitrate will rise slightly in the later stage.

 

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

 

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