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SunSirs: The Melamine Market Was Stable and Rose
September 25 2020 14:06:35SunSirs(John)

Price trend

According to the monitoring sample data of SunSirs, as of September 23, the average quotation price of melamine companies was 5,600 RMB/ton, an increase of 1.82% compared with the beginning of the week (September 21), and an increase of 1.20% compared with August 23.

Analysis review   

The melamine market has been operating steadily recently, and the market price has risen steadily on September 23. Downstream companies replenished goods before the holiday, the market atmosphere was fair, and the price focus was steadily moving upward. At present, the mainstream price of melamine in Shandong is around 5,500 RMB/ton, the mainstream price of melamine in Xinjiang is around 4,700 RMB/ton, and the mainstream price of melamine in Sichuan is around 5,300 RMB/ton.

Urea upstream, the urea market in Shandong was temporarily stable on September 23. The upstream liquid ammonia has consolidated at a high level recently, and the cost support is good. Domestic demand is acceptable, and agricultural demand in some areas has been followed up. Industrial demand follows the market and purchase on demand. On the supply side, some devices were overhauled, and some stocks were tight.

Market outlook

SunSirs melamine analysts believe that the current upstream urea price is temporarily stable, and the cost side is supported to a certain extent. The company executes the pre-orders in an orderly manner. It is expected that in the short term, the melamine market may be strong.

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

 

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