January 16th News: On January 16th, Shandong Ruixing Chemical Co., Ltd. announced the latest ex-factory price for urea at 1,745 yuan per ton, marking a price increase, with actual transaction prices subject to negotiation. Chempricehub's analysis of urea indicates a bullish-bearish score of 1.5. The upward adjustment of Shandong Ruixing Chemical's ex-factory urea price to 1,745 yuan per ton suggests a tightening supply or increased demand in the spot market, providing direct positive support for spot prices. Combined with urea futures data from the Zhengzhou Commodity Exchange, the main contract UR2605 settled at 1,805 yuan per ton on January 15th, up 9 yuan from the previous day, with open interest reaching 250,303 lots, reflecting bullish market sentiment. The rise in spot prices may further drive futures prices upward, with short-term futures contracts such as 2605 and 2606 expected to continue their upward trend.