China Nitrogen Fertilizer Industry Association: Relevant parties are hyping up the expectation of urea guiding price increases. Industry participants are advised not to spread or believe rumors.

The China Nitrogen Fertilizer Industry Association issued a statement regarding market speculation on the guidance price of urea, stating that the guidance price is a recommended price proposed by the association to promote domestic urea supply stability and price stability, with the goal of stabilizing market expectations. Recently, some market participants have heavily speculated on an increase in the urea guidance price, causing market fluctuations. This behavior seriously affects market stability and is not in line with the original intention of the guidance price to stabilize the market. In the long term, urea prices will remain stable. Industry participants should rely on information officially released by the association, avoid spreading or believing rumors, and work together to maintain market stability.