On January 12, Shandong Ruixing Chemical Co., Ltd. announced its latest ex-factory urea price at 1,695 yuan per ton, marking a price reduction with actual transaction prices subject to negotiation. PriceSeek's analysis of urea indicates a bearish score of -1.5. The article reveals that Shandong Ruixing Chemical's ex-factory urea price has been lowered to 1,695 yuan per ton, suggesting ample supply or weak demand in the spot market, which directly exerts downward pressure on spot prices. Combined with urea futures data, the main contract, such as 2605, closed at 1,777 yuan per ton on January 9, down by 2 yuan per ton, with open interest decreasing by 244 lots, reflecting bearish market sentiment. The reduction in spot prices may further reinforce the downward trend in futures, and it is anticipated that urea prices will face short-term pressure. The score of -1.5 reflects a significant bearish impact.