January 28th News On January 28th, the price of ammonium nitrate in the Hebei region remained stable, with mainstream negotiations in the market ranging from 3,100 to 3,200 yuan per ton. Production operations among market participants were stable. Recently, the market prices of upstream raw materials have declined, while downstream procurement activity has been weak. The ammonium nitrate market is currently maintaining a steady trend. Chempricehub Analysis of Ammonium Nitrate Bull-Bear Score: -1 The article indicates that the spot price of ammonium nitrate in the Hebei region remains stable at 3,100–3,200 yuan per ton, with stable production operations. However, the decline in upstream raw material prices and weak downstream procurement activity constitute bearish factors. Although the reduction in upstream raw material costs may alleviate production pressure, weak downstream demand dominates the market, increasing the risk of price pressure. It is expected that spot prices may experience a slight decline in the short term. This analysis pertains solely to the spot market and does not involve futures data. Overall assessment: The current supply-demand structure is weak, rated as generally bearish (-1).