February 3rd News On February 3, 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 sluggish. The ammonium nitrate market trend is temporarily stable. Chempricehub Analysis of Ammonium Nitrate Bull-Bear Score: -1 The decline in market prices of upstream raw materials reduces production costs, while the sluggish downstream procurement indicates weak demand. The combination of these factors may exert downward pressure on the spot price of ammonium nitrate. Although the current market trend is temporarily stable, the weakening supply-demand fundamentals suggest that prices may experience a slight decline in the future. Therefore, a general bearish score is assigned.