What was that red material?
This is what I've been trying to work out, but am having problems Googling for suggestions. The only things I've in the past read as causing red smoke are highly carcinogenic/toxic hypergolic rocket fuels (hydrazine?), but I'm having a hard time imagining anyone storing a cache of that sort of thing anywhere near a built-up area. The form of the explosion here points in my mind to something significantly more explosi…
If the reports are correct that the explosion is 2,750 tons of ammonium nitrate, the orange is probably nitrogen dioxide. A high concentration of nitrogen dioxide indicates that the explosion was very oxygen-rich, likely pointing to it being accidental.
Ammonium nitrate is normally very very stable. Even mixed optimally with fuel oil, ammonium nitrate prills (pellets) won't reliably detonate with a No. 8 blasting cap, and in mining a small "booster" charge of TNT is used to get the ANFO going. However, very large piles of ammonium nitrate have caught fire and exploded, such as the Texas City disaster where a tanker full of ammonium nitrate burned for a long time, and then levelled a good portion of the town when it exploded.