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SunSirs: On June 15, the Domestic Ammonium Nitrate Market Price Trend Was Temporarily Stable

June 16 2022 10:25:04     SunSirs (John)

Price trend

On June 15, the domestic ammonium nitrate price trend was temporarily stable. Due to the different production fuels, the price gap between manufacturers was large. The mainstream negotiation in the field was 4,600-5,000 RMB/ton, and the price in Hebei was 5,200-5,300 RMB/ton.

Analysis review

Recently, the price of liquid ammonia in the upstream raw material market has declined, and the price of nitric acid has risen. The rising price of raw materials has a certain cost support for the ammonium nitrate market. However, the sales of the downstream civil explosive industry have come to an end. Recently, the supply of goods on the market was normal, and the market price of ammonium nitrate was temporarily stable.

Market outlook

It is expected that the price trend of ammonium nitrate will be stable in the later period.

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