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SunSirs: On August 1, the Domestic Ammonium Nitrate Market Price Trend Declined

August 02 2022 09:25:32     SunSirs (John)

Price trend

On August 1, the domestic ammonium nitrate price trend declined. Due to different production fuels, the price gap between manufacturers was large. The mainstream negotiation on the market was 4,300-4,700 RMB/ton, and the price in Hebei was 4,600-4,700 RMB/ton.

Analysis review

Recently, the price of liquid ammonia in the upstream raw material market has fallen, and the price of nitric acid has fallen. The decline in the price of raw materials has a certain negative impact on the ammonium nitrate market. However, the sales of the downstream civil explosive industry have come to an end. Recently, the supply of goods in the field has been normal, and the market price of ammonium nitrate has declined

Market outlook

It is expected that the price of ammonium nitrate will continue to decline in the later period.

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