Stay informed on ammonium nitrate market trends
The Ammonium Nitrate Industry Chain Index rose to 137.65 on September 25th, up 0.67 points from the previous day. However, it's down 21.76 percent from its 2021 peak and up 94.67 percent since 2016.
On September 22nd, international crude oil futures held steady. U.S. WTI crude settled at USD 90.03 per barrel, up 0.5 percent while Brent crude fell to USD 93.27 per barrel, down 0.1 percent. Market uncertainties revolve around Russia's export ban and potential U.S. Federal Reserve actions.
In Russia, Ai-92 gasoline prices plunged by nearly 10 percent on September 22nd due to a government ban on fuel exports.
Shandong Hualu Hengsheng raised liquid ammonia prices by 50 yuan on September 25th, reaching 3,850 yuan per ton, with active overseas sales. Hebei Zhengyuan in Shijiazhuang Baipo increased liquid ammonia prices to 3,900 yuan per ton while maintaining a stable rate of 4,050 yuan per ton for some production.
[/PAID]{/reg}