January 5th News On January 5th, Shandong Ruixing Chemical Co., Ltd. announced the latest ex-factory price of urea at 1,700 yuan/ton, representing an increase of 10 yuan/ton. Actual transaction prices are subject to negotiation. Chempricehub Analysis of Urea, Bull-Bear Score: 1 The ex-factory price of urea has been raised by 10 yuan/ton to 1,700 yuan/ton, indicating tight market supply or recovering demand, which directly benefits spot prices. Combined with futures data, urea futures contracts (such as the 2605 main contract) have recently shown slight fluctuations within the range of 1,740–1,750 yuan/ton, with limited changes (e.g., -6 yuan). Open interest and trading volume indicate stable market liquidity. This spot price increase signal may strengthen market bullish expectations and drive futures prices upward, though the increase is moderate, representing a general positive factor.