January 23 News: On January 23, Shandong Rising Chemical Co., Ltd. announced the latest ex-factory price of urea at 1,730 yuan/ton, an increase of 20 yuan/ton, with actual transactions subject to negotiation. Chempricehub analysis of urea, long-short score: 1.5. Reason: The ex-factory price of urea has been raised by 20 yuan/ton to 1,730 yuan/ton, indicating tight supply or increased demand in the spot market, which may drive spot prices higher in the short term. Combined with futures data, the main urea contract (such as 2605) settled at 1,781 yuan/ton on January 22, up 9 yuan/ton, with active trading volume and increased open interest, reflecting strengthened market bullish expectations. This spot price adjustment may reinforce bullish sentiment in the futures market, supporting an upward trend in futures prices.