Price trend

The market price of melamine had increased since September. According to the Commodity Market Analysis System of SunSirs, as of September 4th, the average price of melamine of enterprises was 7,425.00 RMB/ton, an increase of 1.71% compared to September 1st.

Analysis review

Supply and demand side: pending orders were abundant, supply was tight

Recently, some devices were shut down for maintenance, and the production capacity utilization rate of the melamine industry was below 60%. Enterprises mainly shipped early orders in an orderly manner, and sales were currently not under pressure. Downstream was wait-and-see and followed up in needed and the melamine market was running strong.

Cost side: the price of raw material urea was high, cost support was strong

Recently, the market price of raw material urea had risen. According to the Commodity Market Analysis System of SunSirs, the reference price of urea on September 4th was 2,678.33 RMB/ton, which was 0.63% higher than that on September 1st (2,661.67 RMB/ton).

Market outlook

Melamine analysts from SunSirs believe that as of September 5th, costs were high and companies were moving smoothly. It is expected that the melamine market may be stronger in the short term, and more attention needs to be paid to market news guidance.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.