On January 16, Shandong Ruixing Chemical Co., Ltd. quoted the latest ex-factory price of urea at 1,745 yuan/ton, with an upward price adjustment, and actual transactions subject to negotiation. PriceSeek analysis of urea, with a long-short rating of 1.5: Shandong Ruixing Chemical's ex-factory urea price has been raised to 1,745 yuan/ton, indicating tight supply or increased demand in the spot market, providing direct positive support for spot prices. Combined with urea futures data from the Zhengzhou Commodity Exchange, the main contract UR2605 settled at 1,805 yuan/ton on January 15, an increase of 9 yuan from the previous day, with open interest reaching 250,303 lots, reflecting bullish market sentiment. The rise in spot prices may further drive futures prices upward, and it is expected that short-term futures contracts such as 2605 and 2606 will continue their upward trend.