April 10 (Reuters) - According to China National Coal Group, ensuring the supply of agricultural materials is crucial during the spring planting season. The E’neng Chemical Company, a subsidiary of China National Coal Group, is operating at full capacity to produce urea, optimizing both production and logistics to fully meet the fertilizer demand for spring planting in major grain-producing regions across the country.

Chempricehub analysis of urea: Bull-bear score: -1. The article reports that E’neng Chemical Company, a subsidiary of China National Coal Group, has ramped up urea production and optimized logistics to ensure fertilizer supply for spring planting. Expectations of increased supply may put downward pressure on spot prices, as ample market supply could alleviate tightness during the peak demand season. Combined with futures market data, the settlement price of the main urea futures contract (e.g., 2701) is 1,864 yuan per ton, down 5 yuan from the previous day, with a trading volume of 1,327 lots and an increase in open interest by 776 lots, indicating a strengthening bearish sentiment in the market. News of supply growth may further weigh on futures prices, driving a downward trend.