February 9th News — On February 9th, Shandong Ruixing Chemical Co., Ltd. announced its latest ex-factory price for urea at 1,780 yuan per ton, marking an increase compared to last Friday's price. Actual transaction prices are subject to negotiation. Chempricehub Analysis of Urea: Bull-Bear Score: 1.5 Shandong Ruixing Chemical's ex-factory urea price has been raised to 1,780 yuan per ton, reflecting an increase from last Friday's price. This indicates tightening supply-demand dynamics or a recovery in demand in the spot market, providing support for urea spot prices. Combined with urea futures data (e.g., the closing price of the Zhengzhou Commodity Exchange's main contract 2605 at 1,776 yuan per ton, with a settlement price of 1,776 yuan per ton), the expectation of rising spot prices may transmit to the futures market, driving contract prices upward. Changes in open interest (e.g., a decrease of 1,184 lots in contract 2605) and fluctuations in trading volume reflect market caution, but overall, positive factors dominate.