According to the commodity market analysis system of Shengyishe, the domestic ammonium nitrate market price trend remained stable in November. As of the end of the month, the market price of ammonium nitrate was 4000 yuan/ton, which is the same as the price of 4000 yuan/ton at the beginning of the month, with a year-on-year price increase of 1.27%.

In November, the domestic ammonium nitrate market prices remained stable, with stable operation of domestic ammonium nitrate manufacturers. Recently, the supply of goods on site has been normal, and the sales situation is average. Downstream demand is normal, and the price trend of ammonium nitrate market is temporarily stable. Recently, the shipping market of ammonium nitrate manufacturers has been normal, and downstream purchases are on demand. Recently, downstream purchases of nitro compound fertilizers have been average, and domestic purchases in the downstream civil explosive industry have been normal. Domestic ammonium nitrate manufacturers are operating normally, and the market price of ammonium nitrate is mainly stable. As of now, the mainstream negotiation prices in Shaanxi region are 5200-5300 yuan/ton, Shandong region is 3800-4000 yuan/ton, and Hebei region is 3800-3900 yuan/ton.

The price trend of concentrated nitric acid in China increased in November, with an average price of 2133.33 yuan/ton as of the end of the month, an increase of 2.40% from the initial price of 2083.33 yuan/ton. Mainstream enterprises in East China offer prices ranging from 2100 to 2200 yuan/ton, while northern and central China offer prices ranging from 2100 to 2300 yuan/ton. The market supply is normal, and the recent sales have been good. Downstream procurement is mainly based on demand, and on-site transactions are normal. The price of raw material nitric acid has risen, forming a certain positive support for the ammonium nitrate market. The price trend of the ammonium nitrate market is mainly stable.

In November, the domestic liquid ammonia market price slightly increased. As of the end of the month, the price of liquid ammonia was 4023.33 yuan/ton, an increase of 2.72% from the beginning of the month’s price of 3916.67 yuan/ton. In November, the price of liquid ammonia first increased and then decreased, and overall, the price slightly increased. In early November, due to supply shortages, the northern region was mainly affected by equipment maintenance by manufacturers, coupled with some devices operating at reduced loads. The supply volume was delayed and manufacturers and distributors reported an increase in prices. In the later stage, when the maintenance equipment was restarted, the amount of ammonia released increased, and the price trend of liquid ammonia in the market declined. Since November, the import supply has also increased, which has had an impact on the liquid ammonia market in the region. Prices of large factories in Shandong, Hebei and other places have all been lowered. From the demand side, downstream demand is relatively stable, and the atmosphere of urea speculation is falling, which is bearish for the domestic liquid ammonia market. The trend of the liquid ammonia market is falling. Overall, the liquid ammonia market saw a slight increase in prices in November, but the fluctuation in ammonium nitrate prices was not significant due to this impact.

Recently, there has been an increase in downstream purchase orders, coupled with an increase in the market price of raw material nitric acid. However, the trend of liquid ammonia prices has declined, and the combined influence of bullish and bearish factors has led to a slight increase in the market price of ammonium nitrate in the future, according to analysts from Business Society.