According to the commodity market analysis system of Shengyishe, the domestic ammonium nitrate market price trend slightly declined in April. As of the end of the month, the market price of ammonium nitrate was 3870 yuan/ton, a decrease of 0.51% from the initial price of 3890 yuan/ton, and a year-on-year decrease of 10.83%.

In April, the domestic market price of ammonium nitrate slightly declined, and the operation of domestic ammonium nitrate manufacturers was stable. Recently, there has been sufficient supply of goods on site, and downstream procurement has not been active. The market price of ammonium nitrate has mainly declined. Recently, downstream demand for nitro compound fertilizer has been average, and the purchasing atmosphere in the domestic downstream civil explosive industry has cooled down. Domestic ammonium nitrate manufacturers are operating normally, and the price of ammonium nitrate has been mainly fluctuating recently. As of the end of the month, the mainstream negotiation prices in Shaanxi region are 5300-5500 yuan/ton, Shandong region is 3600-3800 yuan/ton, and Hebei region is 3700-3800 yuan/ton.

The price trend of concentrated nitric acid in China increased in April, with an average price of 1856.67 yuan/ton as of the end of the month, an increase of 6.10% compared to the price of 1750 yuan/ton at the beginning of the month. Mainstream enterprises in East China offer a price range of 1800-1900 yuan/ton, while those in the North and Central China offer a price range of 1800-2000 yuan/ton. At present, the supply side of the concentrated nitric acid market is supported, and the cost trend has slightly increased. The market mainly relies on orders, and the market transaction situation has improved. Industry insiders are mostly wait-and-see, and the price of nitric acid has increased. As a result, the price of ammonium nitrate in the market has not changed much.

The price of upstream liquid ammonia slightly decreased in April, with a price of 2983.33 yuan/ton as of the end of the month, a decrease of 2.93% from the price of 3073.33 yuan/ton at the beginning of the month. In April, the maintenance equipment resumed work one after another, and the supply side showed loose performance. Coupled with the downstream urea being partially converted to liquid ammonia, the amount of ammonia released has increased. And downstream procurement enthusiasm is not high, the peak season for agricultural demand procurement is approaching, industrial demand remains in high demand, and the sluggish demand side has suppressed the price of liquid ammonia. At present, the mainstream quotation in Shandong region is between 2950-3100 yuan/ton, and the market price of ammonium nitrate has slightly decreased due to the impact of cost decline.

Recently, the procurement of downstream civil explosive industry has come to an end, and the demand for nitro compound fertilizer has gradually opened up. The price trend of nitric acid has increased, and the liquid ammonia market has risen in late April. Supported by positive factors, ammonium nitrate analysts from Business Society believe that the market price of ammonium nitrate remains mainly volatile.