February 9th News - On February 9th, Hualu Hengsheng Chemical Co., Ltd. announced the latest ex-factory price for medium-sized urea at 1,785 yuan/ton, marking an increase of 10 yuan/ton. Actual transaction prices are subject to negotiation. Chempricehub Analysis on Urea: Bull-Bear Score: 1.5 Hualu Hengsheng's ex-factory urea price has risen by 10 yuan/ton to 1,785 yuan/ton, indicating tightening spot market supply or strengthening demand, which directly supports spot prices. Considering the settlement price of urea futures' main contract (e.g., the 2605 contract settled at 1,776 yuan/ton on February 6th), the spot price increase may drive a rebound in futures prices, as futures typically follow spot market trends. The current spot price being higher than the futures settlement price suggests a rise in bullish market sentiment, supporting an upward trend in futures prices.