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Everbright Futures: Urea supply and demand are tight, and futures prices are surging strongly
Today, the urea futures market saw a strong upward push. As of the time of writing, the main contract has increased by nearly 3.5%, leading the domestic futures market, with clear signs of capital inflow. In the short term, the tight supply situation of urea spot prices is unlikely to change quickly, and futures prices are expected to remain firm with volatile fluctuations. However, as prices rise, close attention should be paid to the sustainability of domestic demand release, and caution is advised regarding high-level volatility risks. (Everbright Futures)