On February 9th, Shandong Ruixing Chemical Co., Ltd. quoted the latest ex-factory price of urea at 1,780 yuan/ton, which was higher than the price last Friday, with actual transactions subject to negotiation. PriceSeek analysis of urea: Bullish-Bearish Score: 1.5. Shandong Ruixing Chemical's urea ex-factory price has been raised to 1,780 yuan/ton, an increase from last Friday's price, indicating tightening supply-demand dynamics or a recovery in demand in the spot market, which supports urea spot prices. Combined with urea futures data (such as the closing price of the main contract 2605 on the Zhengzhou Commodity Exchange at 1,776 yuan/ton and the settlement price at 1,776 yuan/ton), the expectation of rising spot prices may transmit to the futures market, driving contract prices upward. Changes in open interest (such as a decrease of 1,184 lots in contract 2605) and fluctuations in trading volume reflect market caution, but overall, positive factors dominate.