According to the Ministry of Agriculture and Rural Affairs, scientific calculations indicate that by 2025, the fertilizer utilization rate for China's three major grain crops—wheat, corn, and rice—will reach 43.3%, an increase of 3.1 percentage points from 2020. PriceSeek's analysis of fertilizers shows a bearish score of -1. The fertilizer utilization rate has risen from approximately 40.2% in 2020 to 43.3%, a growth of 3.1 percentage points, indicating that the same amount of fertilizer can produce more grain, thereby reducing the agricultural demand for fertilizers. This will directly alleviate demand pressure in the spot market for fertilizers, exerting a downward influence on prices. A score of -1 signifies a generally bearish outlook, as while the efficiency improvement is significant, it is not extreme. Fertilizer prices are also influenced by other factors such as supply and policy.