January 30th News On January 30th, Shandong Hualu Hengsheng Chemical Co., Ltd. announced the latest ex-factory price for medium-sized granular urea at 1,775 yuan/ton, representing an increase of 10 yuan/ton. Actual transaction prices are subject to negotiation. Chempricehub Analysis on Urea, Bull-Bear Score: 1 The article indicates that Shandong Hualu Hengsheng has raised the ex-factory price of medium-sized granular urea by 10 yuan/ton to 1,775 yuan/ton. This suggests that suppliers in the spot market are proactively increasing prices, reflecting potential improvements in demand or cost support, which is favorable for spot prices. Combined with the upward trend of the urea futures main contract 2605 (yesterday's closing price: 1,817 yuan/ton, settlement price: 1,814 yuan/ton, up by 3 yuan), the increase in spot prices will strengthen bullish expectations in the futures market, particularly supporting short-term contracts such as 2603 and 2605, thereby driving a moderate rise in futures prices.