The first urea futures contracts listed and traded are UR200 1, UR2002, UR2003, UR2004, UR2005, UR2006 and UR2007. The benchmark price of each contract is 1850 yuan/ton, the price limit is 8% of the benchmark price and the trading margin is 5%.

After the listing of urea futures, it can provide means and tools for upstream and downstream enterprises, storage enterprises and other related business entities to find prices and avoid risks, stabilize the profitability of enterprises, and promote industrial restructuring and transformation and upgrading. At the same time, farmers and agricultural cooperative organizations can also use urea futures directly or indirectly to avoid risks and ensure profits.