March 2nd — On March 2nd, Hualu Hengsheng Chemical Co., Ltd. announced its latest ex-factory price for medium-sized urea at 1,845 yuan per ton, an increase of 30 yuan per ton compared to the previous Friday. Actual transaction prices are subject to negotiation. Chempricehub's analysis of urea indicates a bullish-bearish score of 2. On the spot market, Hualu Hengsheng's ex-factory price rose by 30 yuan per ton to 1,845 yuan per ton, reflecting tight supply and demand in the urea spot market, driven by strong demand or limited supply, which directly supports spot prices. On the futures side, based on the data for the main contract 2605 as of February 27, 2026 (closing price: 1,847 yuan per ton, settlement price: 1,838 yuan per ton, change: +2.00, open interest increased by 8,276 lots), the rise in spot prices further supports bullish sentiment in the futures market, potentially driving the main contract price to break through previous highs. The increase in open interest and active trading volume indicate capital inflows into the market, reinforcing expectations of an upward trend. Overall, this represents a significant positive development.