Price trends:
According to statistics, the domestic ammonium nitrate ex-factory price trend was temporarily stable in July. At the end of the month, the average price was 1966.67 yuan/ton, which was temporarily stable compared with the initial price of 1966.67 yuan/ton, down 0.97% year on year.
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II. Market analysis:
Products: The price trend of domestic ammonium nitrate Market was temporarily stable in July. Affected by environmental protection control, domestic ammonium nitrate plant shut down more and domestic ammonium nitrate plant started less. However, due to the complete shutdown of domestic downstream civil explosion industry after the Spring Festival, domestic ammonium nitrate manufacturers have more stockpiles and the price trend in the field remains low. As of the end of the month, the domestic ammonium nitrate market price negotiation was 1850-2050 yuan/ton. Affected by environmental protection and gas limitation, manufacturers in many areas are now forced to limit production or stop production for maintenance and accept environmental protection inspection. The price trend of ammonium nitrate on the site is temporarily stable.
Industry Chain: Domestic nitric acid price declined slightly in July, the market price was 1756.67 yuan/ton at the end of the month, and the price declined 2.37% in July. Upstream raw material liquid ammonia price fluctuated, and the market price of liquid ammonia was 3276.67 yuan/ton at the end of the month. Maintaining high price trend of upstream raw material brought certain benefits to ammonium nitrate market. Good impact, ammonium nitrate market prices because of the poor market to maintain a low level. Recently, the downstream civil explosion industry has entered the off-season. The demand for ammonium nitrate Market has weakened and the stocks of ammonium nitrate manufacturers have increased. However, the nitric acid market has risen again, and the price trend of ammonium nitrate has remained low.
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Industry: Recently, the domestic ammonium nitrate industry has been strictly controlled by the state. Some enterprises have stopped production. The downstream civilian explosion industry has entered the off-season, and the domestic ammonium nitrate market trend has remained volatile.
3. Future market forecast:
Ammonium nitrate analysts believe that the recent upstream raw material liquid ammonia market prices have not changed much, coupled with a slight decline in nitric acid prices, ammonium nitrate market prices are expected to remain volatile in August.
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