SunSirs: On May 11, the Domestic Ammonium Nitrate Market Price Ttrend Was Temporarily Stable
May 12 2022 15:08:12 SunSirs (John)Price trend
On May 11, the domestic ammonium nitrate price trend was temporarily stable. Due to the different raw materials for production, the price gap between manufacturers was large. The mainstream negotiation on the market 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 risen, 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, and the supply of goods in the field has been normal recently, and the market price of ammonium nitrate is temporarily stable.
Market outlook
Supported by raw materials, it is expected that the price of ammonium nitrate may rise slightly in the later period.
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