April 2nd News: On April 1st, Sichuan Development Lomon stated that, in line with the company's strategic development and production needs, to further ensure the stable supply of upstream phosphate ore resources, its wholly-owned subsidiary, Hubei Lomon Phosphorus Chemical Co., Ltd., plans to invest 120 million yuan in the construction of the second-phase extension project of the northern block of the Baizhu Phosphate Mine I section. Chempricehub's analysis of monoammonium phosphate shows a bullish-bearish score of -1. The company's investment in the phosphate mine project aims to secure a stable supply of upstream phosphate ore resources, which is expected to increase the supply of phosphate ore and reduce the production cost of monoammonium phosphate. This improvement on the supply side may exert downward pressure on spot prices, representing a generally bearish factor. For phosphate ore, the bullish-bearish score is -1. The project directly increases phosphate ore production, and the expectation of supply expansion may disrupt the market supply-demand balance, putting pressure on spot prices. The addition of new production capacity will enhance the industry's supply capability, representing a generally bearish impact.