January 12th News: On January 12th, Shandong Ruixing Chemical Co., Ltd. announced the latest ex-factory price for urea at 1,695 yuan/ton, reflecting a price reduction. Actual transaction prices are subject to negotiation. Chempricehub'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/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/ton on January 9th, down by 2 yuan/ton, with open interest decreasing by 244 lots, indicating bearish market sentiment. The reduction in spot prices may reinforce the downward trend in futures, and urea prices are expected to face pressure in the short term. A score of -1.5 reflects a relatively strong bearish impact.