According to the commodity market analysis system of Business Society, the domestic ammonium nitrate market price trend declined in March. As of the end of the month, the market price of ammonium nitrate was 3890 yuan/ton, a decrease of 4.19% from the beginning of the month price of 4060 yuan/ton, and a year-on-year decrease of 11.19%.

In March, the price trend of domestic ammonium nitrate market declined, and the operation of domestic ammonium nitrate manufacturers was stable. Recently, there was sufficient supply of goods on site, and downstream procurement was not active. The market price of ammonium nitrate 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, but the price trend of ammonium nitrate has recently declined. 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.

In March, the domestic price of concentrated nitric acid continued to decline, with an average price of 1750 yuan/ton as of the end of the month, a decrease of 7.41% from the initial price of 1890 yuan/ton. Mainstream enterprises in East China quote 1700-1800 yuan/ton, while northern and central China quote 1700-1900 yuan/ton. At present, the supply side of the concentrated nitric acid market is sufficient, and the cost trend has slightly increased. The market mainly relies on orders, and the market transaction situation is not good. Industry insiders are mostly wait-and-see, and the on-site price of nitric acid has significantly decreased, while the market price of ammonium nitrate has declined.

The price of upstream liquid ammonia has significantly increased this week, with a price of 3323.33 yuan/ton as of the end of the month, an increase of 11.65% compared to the price of 2976.67 yuan/ton at the beginning of the month. The amount of ammonia released in the main production areas in the north has decreased, and some units in Shandong have increased their production of urea. The market has shown tight supply, and prices of large factories in Shandong and surrounding Hebei have significantly increased. In addition, downstream procurement is active, and manufacturers have raised factory prices. Currently, the mainstream quotation in Shandong is between 3300-3400 yuan/ton, and the decline in ammonium nitrate market prices is limited due to the impact of cost increases.

Recently, the procurement in the downstream civil explosive industry has come to an end, and the demand for nitro compound fertilizer is in the off-season. The price of nitric acid is showing a downward trend, while the market trend of liquid ammonia is rising. The combined influence of long and short factors has led to market fluctuations in ammonium nitrate prices, with some showing a downward trend.