March 10th News On March 10th, the price of ammonium nitrate in the Hebei region remained stable, with mainstream negotiations ranging from 3,100 to 3,200 yuan per ton. Local manufacturers maintained stable production operations. Recently, the market prices of upstream raw materials have declined, while downstream procurement has been weak. The ammonium nitrate market is temporarily stable. Chempricehub Analysis of Ammonium Nitrate Bull-Bear Score: -1 The decline in upstream raw material market prices has reduced the production cost of ammonium nitrate, potentially exerting downward pressure on spot prices. Weak downstream procurement reflects sluggish demand. Although the current price of ammonium nitrate in the Hebei region remains stable at 3,100–3,200 yuan per ton, with steady production operations, the combined effect of these bearish factors suggests that future spot prices may face pressure and carry downside risks. Therefore, a generally bearish score is assigned.