According to the Commodity Market Analysis System of Business Society, the price trend of domestic ammonium nitrate market increased in August. As of the end of the month, the market price of ammonium nitrate was 3980 yuan/ton, an increase of 11.80% compared to the initial price of 3560 yuan/ton, and a year-on-year decrease of 3.40%.

In August, the price trend of domestic ammonium nitrate market increased significantly, and the operation of domestic ammonium nitrate manufacturers’ devices was stable. Recently, the supply of goods on site was normal. In Hebei, due to the reduction of rainy weather, the situation of on-site sales improved, and ammonium nitrate manufacturers increased their factory prices. Downstream demand was normal, and the market price trend of ammonium nitrate increased. Recently, the shipping market of ammonium nitrate manufacturers has improved, and downstream purchases are on demand. Recently, downstream purchases of nitro compound fertilizers have been average, while procurement in the domestic downstream civil explosive industry has been normal. Domestic ammonium nitrate manufacturers have started operating normally, and the market price of ammonium nitrate has mainly increased. As of now, the mainstream negotiation prices in Shaanxi region are between 5000 to 5100 yuan/ton, Shandong region is between 3800 to 4000 yuan/ton, and Hebei region is between 3800 to 3900 yuan/ton.

The price trend of concentrated nitric acid in China increased in August, with an average price of 2016.67 yuan/ton as of the end of the month, an increase of 3.95% compared to the price of 1940 yuan/ton at the beginning of the month. Mainstream enterprises in East China offer prices ranging from 2000 to 2100 yuan/ton, while northern and central China offer prices ranging from 1900 to 2000 yuan/ton. The market supply is normal, and recent sales have been good, while downstream demand has correspondingly increased. On the market transactions have improved, and the price of raw material nitric acid has increased, forming a certain positive support for the ammonium nitrate market. The price trend of the ammonium nitrate market has increased.

In August, the domestic liquid ammonia market price slightly increased. As of the end of the month, the price of liquid ammonia was 3600 yuan/ton, an increase of 1.89% compared to the initial price of 3533.33 yuan/ton. The increase in liquid ammonia is mainly due to the tight supply performance of the main production areas in the north, which has a positive support for the market. Some devices in the northern region are still undergoing maintenance, and sudden production restrictions in regions such as Shanxi have led to a short-term decline in enterprise operating rates and tight supply. Production enterprises generally experience vehicle queues and other goods, with favorable factors supporting the rise in liquid ammonia prices. The rise in upstream liquid ammonia prices has positive support for the ammonium nitrate market, and the price of ammonium nitrate is supported to rise.

Recently, downstream on-demand procurement has been the main focus, with little change in demand. However, the market price of raw material liquid ammonia has increased, and the price of nitric acid has mainly increased. The positive support is relatively strong. Ammonium nitrate analysts from Business Society believe that the market price of ammonium nitrate may slightly increase in the future.