China Nitrogen Fertilizer Industry Association: Relevant parties have been actively hyping up the expected increase in urea guidance prices. We urge industry participants not to spread rumors or believe in rumors.

On February 12th, Jinshi Futures reported that the China Nitrogen Fertilizer Industry Association issued a statement regarding the market speculation of urea guidance prices. The statement mentioned that the urea guidance price is proposed by the association with the aim of promoting the stable supply and pricing of domestic urea, stabilizing market expectations, and considering the overall situation of the industry. Recently, some market participants have been speculating on the expectation of an increase in the urea guidance price, causing market fluctuations. This behavior seriously affects the stability of the urea market and goes against the original intention of stabilizing the market with the urea guidance price. In the long run, the focus should be on keeping urea prices stable. Industry participants are advised to rely on the information publicly released by the association, avoid spreading rumors, and work together to maintain the stability of the urea market.