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Ammonium nitrate market dilemma

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Ammonium nitrate market dilemma

Issue Time:2020-06-02
Since the beginning of this year, the ammonium nitrate market has shown a strong trend. Although the price sometimes drops by 50-80 yuan (ton price, the same below), the average price has always remained above 2,300 yuan, an increase of about 18.5% compared with the same period last year. The demand for ammonium nitrate mainly comes from three aspects: first, it is used as a raw material for industrial explosives for civil explosive equipment, accounting for 64% of the total consumption of ammonium nitrate; second, it is modified or processed into a compound fertilizer, accounting for about 26% of the total consumption; The third is exports, which account for 6% to 8% of total consumption. In addition, ammonium nitrate is also used in a small amount in refrigerants, nitrogen oxide absorbers and chromatographic analysis reagents, accounting for only 2% to 4%. "Affected by the new coronary pneumonia epidemic, China’s export of ammonium nitrate will face more difficulties this year, but due to the establishment of relatively stable markets in Australia, New Zealand, Southeast Asia, and the continuous expansion of the export area, the average monthly export volume in the next few months It is expected to remain between 10,000 and 15,000 tons. If the international epidemic situation can be controlled, the export situation in the second half of the year is expected to be significantly better than the first half, which is expected to support the ammonium nitrate market." Expert analysis said.
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