March 4th News: On March 4th, 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 has been weak. The ammonium nitrate market trend is temporarily stable. Chempricehub Analysis of Ammonium Nitrate, Bull-Bear Score: -1. The article indicates that the spot price of ammonium nitrate in the Hebei region is stable at 3,100-3,200 yuan per ton, with normal production operations. The decline in upstream raw material prices may reduce production costs, but weak downstream procurement suggests sluggish demand, increasing the downside risk for spot prices. Although the current market trend is temporarily stable, the dominant factor of insufficient demand is expected to put pressure on future spot prices. Therefore, the score is generally bearish.